The Obama Tax Credit-First Time Homebuyers!

Hello Everyone...I've been searching a lot of internet articles and speaking with a lot of people in the Mortgage and Finance business lately and it seems that there's tons of  misinformation out there about the Obama Tax Credit towards Buying a Home. Honestly this is a really great thing for those who are looking to purchase a home this year! How would you like someone to  GIVE you  $8000 towards the purchase of a new home? I thought so, we all would! Well if you purchase a home from now until November 20, 2009 when you file your taxes you will get an additional $8k with whatever return you would normally get. Another good thing? If you find that you owe the IRS a sum of money, whatever you owe for this year will be paid out of that tax credit and the balance sent to you! Even better news? If you purchase a home in a new Development you get an ADDITIONAL $10,000, that's $18,000 towards the purchase of your home! This Obama Tax Credit refers to first time home buyers...( legally  you haven't owned a principal residence within the Last 3 years, you could even have owned a vacation home!)  You must hurry though and take advantage of this market, as it wont last long! Most Recently in Late May the government has allowed this to become monetized, which means that you can use this for your closing costs and part of your down-payment!  If you were on the fence about buying a home get off, now is your year to own a piece of Real Estate.  Research shows that owning property is the key component of wealth building.  Think about it: at this point home prices will most likely only go up. Granted this isn't the bottom of the market (which we saw around 6-8 months ago), but it is merely a few steps above and prices are still reasonable! Real Estate Moves in a cycle, and it will only begin to appreciate from here, so  it's important to act now before things get too far out of your reach.  If you have any questions, or would like to get your FREE Pre-qualification to see how much house you can afford you can e-mail me : Laurence@teresapetersoffice.com, or call me at (310) 665-1145 x8. I can't wait to make your dreams of homeownership a Reality!!!