DFW Relocation

Deadline for First Time Homebuyer Tax Credit Looms First time home buyers: Are you still at the computer, doing endless "research" on how to snag the $8000 TAX CREDIT for buying a house this year? Does the November 30th deadline seem like a million years away as you think about fireworks (not turkey leftovers)? First time home buyers: Get your butts in gear. NOW. This is the wrong time to claim you only get motivated when a deadline looms . This is the wrong time to tell everyone you are a "last minute kinda person" who pulls an all nighter when you have a term paper, and shops for Christmas presents on December 24th. Here's why: Buying a house takes longer than you think. There are 8000 reasons you DO NOT want to miss this deadline. Let's back things up. Do you think OTHER first time home buyers might wait until the last minute? Lenders could very likely experience an overwhelming amount of applications this fall. With applications already taking 45 days, i...

First-time homebuyers who purchase homes from the start of the year until the end of November 2009 may be eligible for the lower of an $8,000 or 10% of the value of the home tax credit . Remember a tax credit is very different than a tax deduction - a tax credit is equivalent to money in your hand, as opposed to a tax deduction which only reduces your taxable income . The tax credit starts phasing out for couples with incomes above $150,000 and single filers with incomes above $75,000. Buyers will have to repay the credit if they sell their homes within three years. To find out more about buying visit http://www.robertjrussell.com Technorati : Buyers , Home Buyers , Robert J Russell , Tax Credit Del.icio.us : Buyers , Home Buyers , Robert J Russell , Tax Credit Zooomr : Buyers , Home Buyers , Robert J Russell , Tax Credit Flickr : Buyers , Home Buyers , Robert J Russell , Tax Credit

by Broderick Perkins Americans are staying put more then ever, but when they do move many of them do so for housing-related reasons, say, to buy a new home or find a better neighborhood. And, if previous migration patterns are any indication, those trends could bode well for those seeking homes with equity gains to come. It's also pretty good news for housing markets rife with inventory. That's all provided home buyers can get to market with the right stuff. Here's the scoop. "American Mobility Who Moves? Who Stays Put? Where's Home?" a new Pew Research Center Social & Demographic Trends survey found that most Americans have moved to a new community at least once in their lives, but a record low number changed residences in recent, more economically troubling years. In 2007, when Americans did move, their net migration patterns reveal much moving to the South, with far fewer moves into the West and Northeast, according to Pew. Also, as the two coastal ma...