Home Buyer Tax Credit

September 15, 2009

Daily Real Estate Updates

sudler-sothebys-logo15 September 2009 ? Some may not know that the $8,000 Home Buyer Tax Credit is set to expire on December 1st, 2009. As that day looms, many first time home buyers are heading out in search of their first home. Realtors, mortgage broker’s, home inspector’s, etc are all seeing a surge in the market. Many are concerned with the expiration date around the corner, this surge will come to a screeching halt.

The National Association of Realtors (NAR) has put out a call to action asking its members to work toward extending the date for an undefined period of time. NAR has sent letters to their members asking them to send letters to their federal representatives. Maybe all the members of NAR should consider asking their representatives to make the tax credit available to more than just the first time home buyers? This would impact all price points in real estate, not just the lower end of the spectrum.

If you would like to write your Congressman here is the link: http://takeaction.realtoractioncenter.com/campaign/hbtc/w63dd8e4hjxmbi6w?

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About Katie Anderson

Katie Anderson is a respected and successful broker at Sudler Sotheby's Realty as well as a certified appraiser. She specializes in representing clients who purchase and sell condominiums, town homes, single-family homes and income property in the Chicago land area. In her small amount time in the real estate game (she became an agent in 2003) she has assisted in excess of 400 deals and over $200 million in sales and continues to use her skills as a certified appraiser. Katie resides in Chicago's Bucktown neighborhood with her loving husband and 4-year-old-daughter, where she spends much of her spare time with her family and friends. You can contact her at katie@thechicago77.com or at andersonbraack.com

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  1. Two Important Deadlines Approach for First-Time Buyers | The Chicago 77 - September 21, 2009

    […] 2009 expiration of the first time home buyer tax credit which has yet to be extended despite the call to action of the National Association of Realtors┬« and its million plus members. As the median price point […]