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First-time home buyer credit of $8,000 set to expire!

March 26, 2009 By Doug Francis

Yes, time is running out for the $8,000 first time home buyer credit!

This economic stimulus plan for the nation’s real estate market has certainly been appreciated by people people, like me. Not to sound selfish, but any real estate agent will tell you that there are clients who have been “on the fence”,  waiting for that magical moment when there will be a sign, or a dream that wakes them in the middle of the night, that beckons to them… right now is the right time to buy. Prices down, inventory up, interest rates down, and the tax credit incentive period is almost over. Who or what are you waiting for, Mr. Miyagi?

Today’s consumers don’t want to be rushed into anything, but it is time to ring a wake-up bell that there is fine print in the $8,000 tax credit. Fine print? It may just light a fire under anyone looking to purchase a “first home”.

To qualify, you need to purchase the house between January 1, 2009 and November 30, 2009. Also, to qualify as a”first-timer”, only meaning that  you have not owned a home in the past three years.

Yes, you just read November 30th.

As I have mentioned before, as an active real estate agent I see these trends from the ground floor and my understanding of the fine-print is where my clients benefit from our relationship. Maybe $8,000 isn’t much to you, but it would certainly fix up a kitchen, buy some new carpet, or pay for some landscaping. And if you buy Energy Star appliances or heating and AC, then you probably will get an additional tax credit!

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Filed Under: Blog Tagged With: $8000 tax credit, energy star, first-time homebuyer

About Doug Francis

A Realtor specializing in unique and new homes around Vienna, Virginia, Doug started writing a first-hand blog about his everyday real estate experiences a decade ago. In depth, helpful and fun has always been the objective. Outside real estate, he "starred" in a tech commercial for Verisign's "Where the World Clicks" campaign, and was quoted in Money Magazine's Best Places to Live article on Vienna. He's a Boston University graduate who feels morning coffee is non-negotiable.

Being able to guide my clients through many real estate sales, either moving out, moving in, or just across town, has been a rewarding experience that helps when discussing a plan with a future client.

Being able to help them focus and understand our proven sales plan always eases their anxiety of this looming personal task. And, putting it into bite-sized steps always helps them get where they really want to be.

My background… I’ve been an active licensed agent in Virginia for 25 years, work at TTR Sotheby’s International Realty in McLean, and sell homes in all price ranges. I donate to the town tree replacement fund, participate in a neighborhood citizens association, and try my best to stay in shape.

Questions? Email doug@dougfrancis.com or call me at (703) 304-6827 to discuss your plans. Cheers!

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About Doug Francis

I am a Realtor with TTR Sotheby's International Realty® just outside Washington D.C. in Northern Virginia. I have been a full-time Realtor licensed in Virginia since 1991, and cover a big territory specializing in the Vienna real estate market and custom homes for sale.

I have unique knowledge of digital real estate marketing ~ and my marketing starts here. My elite clientele has been attracted to my results-oriented strategy for years, and I am accepting new clients now.

Thanks for reading... and feel free to contact me at 703-304-6827 or send me an email at doug@dougfrancis.com anytime!

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TTR Sotheby's International Realty
6723 Whittier Avenue McLean, VA 22101

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