Rhonda Buckner, Ocala’s Short Sale Specialist, wants to keep you in the know about the real estate market in Ocala, Fl. First time home buyers (anyone that has not owned a home in the last 3 years) qualifies for a tax credit for the government of up to $8,000. This has helped the market by an increase in sales of 10% in October.
Ocala has many short sales and foreclosures available and low prices. You can not rent for what it will cost to own. With the USDA offering 100% financing and 5.25-5.5% interest, a $79,000 sales price has a payment with taxes and insurance of about $600.00. You can not beat that!
I would love to help you with finding that perfect home for you. Call me 352-266-2637. I will hook you up with a great lender and find the home and close before April 30, 2010, so you get the tax credit of up to $8,000.
Below is an article talking about the first time tax credit and how it is helping our economy. If you have any real estate question call me 352-266-2637. Search for properties at www.Bucknerhomes.com
First-time buyers taking advantage of a special tax credit gave sales of existing homes in October their biggest surge in a decade, raising hopes for a turnaround in the housing market and pleasing Wall Street.
While rising foreclosures and disappearing jobs still threaten the comeback, there are now bidding wars for houses in some cities, and home sales are nearly 36 percent above their low point in January.
The National Association of Realtors said resales rose 10.1 percent
Analysts said the gains mainly reflected the tax credit of up to $8,000 for new homeowners, which was due to expire this month before Congress extended it until spring — and expanded it to more buyers.
Copyright © 2009 The Associated Press, Alan Zibel, Associated Press real estate writer.
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