TRI CITIES REAL ESTATE MARKET UPDATE

Things are looking better all the time, folks! Interest rates are at a SIXTY YEAR LOW!! Did you hear that....the lowest rates in sixty years! Look at what else we have - a first time homebuyer's tax credit of up to $8,000; or if you have owned a home for five years, a $6,500 credit. Now understand this - this is a TAX CREDIT, which is actual money back to you, not a writeoff! For example, if you file your taxes at the first of 2010, and you were going to get $1,000 back, and you bought a house (first time homebuyer or hadn't owned a home in three years) you will get back $1,000 PLUS $8,000 = $9,000. The tax credit is $8,000 for any home purchase above $80,000, or 10% of the amount under $80,000. Unlike the tax credit of 2008, you will not have to pay this back! It must be owner/occupied, and you must remain there for at least three years. I think this is one of the best incentives for first time buyers I have ever seen. Or, for current owners who have lived in their house for five yeras, it's $6,500. So, what are you waiting for???

We are still in a Buyer's market, which means you can negotiate a good deal and take advantage of the great interest rates. You might say "but I want more for my house!". Good thing is you can turn right around and negotiate what you are coming down on the house you are buying. Homes in the $250,000 and under range have shown quite a spurt for this early in the year, so if you are in that range and thinking of selling, call me. CALL ME ANYTIME AT 423-677-7541 AND I WILL FURTHER EXPLAIN THE TAX CREDIT, THE FINANCING OPTIONS AVAILABLE, AND SHOW YOU HOW I CAN HELP MAKE YOUR HOME OWNERSHIP DREAM COME TRUE!

Cheer up......THINGS ARE GETTING BETTER!!