Virginia Real Estate Blog: Interest VERY LOW and home prices inching up

Interest VERY LOW and home prices inching up

So with the interest rates very low and the overall price of homes going up, now is the time to buy a home. Have you been on the fence?  Don't forget about the first time home buyer credit AND/OR the newer credit for Move Up buyers! 

For the move-up credit the following applies:  a tax credit of up to $6,500 for qualified move-up/repeat home buyers (existing home owners) purchasing a principal residence after November 6, 2009 and on or before April 30, 2010 (or purchased by June 30, 2010 with a binding sales contract signed by April 30, 2010). The National Association of Realtors has some great info on this program.

 

And remember - now that spring is on the horizon, you wont have to shovel snow!  The seller had to do that!  :)

 

SHoveling Snow!

 

 

Fredericksburg VA Real Estate Agent

0 commentsBethany Phillips, MBA • February 24 2010 08:17AM

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