Posts Tagged ‘stimulus package’

19
Mar

First Time Home Buyers: Act Now!

   Posted by: admin    in Albuquerque To Do List, Comments on today, loans

The Homeowner’s Stability Initiative just signed into law gives a tax credit worth $8000 or 10 % of the home’s value whichever is less to first time home buyers on their 2008 or 2009 taxes.  This is great news for those potential buyers who have been on the fence about buying their first home; and keep in mind that we have terrific rates on new loans!  This is especially great news for those of us who are in an area of the country that has a fairly stable economy!  In some areas like California this may not make up for the continual falling prices but in New Mexico our prices have been fairly stable and our area recommended by many news sources as a good place to live!

1st Time Home Buyers save money If a first time home buyer has a $10,000 down payment and gets $8000 back in tax credits, that is only $2000 out of their pocket!  Sounds like an excellent deal to me!  We can either see the glass as half full or half empty.  I prefer to see the half full glass, and I’m not participating in the doom and gloom!

So how do you capitalize on the Homeowner’s Stability Initative?  Just make a commitment to do something different!  This is what changes lives; the commitment to do so!  let me know if you’d like more informatio!

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5
Feb

A Stimulus Package for Homeowners

   Posted by: admin    in Comments on today, debt, loans, real estate

Urgent Message from Dave Liniger of REMAX International

If you have been watching the news this week, you may have noticed that the debate in Washington has finally turned toward real stimulus for the housing industry. As a result, I believe that we could be on the brink of a substantial turn around in the real estate market. Now, it’s critical that we all join together and deliver a powerful message to our legislators that we support this stimulus.

Last night, the Lieberman/Isakson Amendment was included in the senate version of the Economic Stimulus Bill by a unanimous voice vote. This amendment would provide a Tax Credit to all home buyers at the rate of 10% of the sales price up to a limit of $15,000. The credit would be available for a one year period to all purchasers of primary residences.

Today, the senate expects to debate Amendment 353, a proposal by Senator John Ensign (R-NV) that would provide 30 year fixed financing at a rate of about 4%, for anyone purchasing a primary residence.

If these two provisions survive in the final passage of a stimulus bill they could have a tremendous impact on our industry. If they are coupled together with provisions to ease the flow of credit and reduce foreclosures, we could see an immediate and dramatic turn-around in real estate.

I feel that these provisions represent real economic stimulus. They will put money in the hands of millions of homeowners, increase sales, stabilize home values and add more revenues to local communities in the form of property taxes.

I urge each of you to contact your senators and representatives to let them know that you believe these provisions are essential components of any stimulus bill. You can go to the official Senate and House web sites to locate the email and phone number of your legislators.

This may be one of the most critical moments for the real estate industry in our time. Please pass this information on to anyone you might do business with. The outcome of this legislation will have a lasting impact on us all. I appreciate your assistance on this urgent matter.

Thank you.

Dave Liniger

 

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