Advantage Realty Florida

The Lobbyists for NAR (National Association of Realtors) are working diligently in Washington trying to negotiate an extension to the current November 30th expiration date for the $8000 tax credit for 1st time home buyers. A first time Home buyer is defined as someone that has not owned a home for the last 3 years. Not only are they trying to extend the date but they are trying to make it available to all buyers not just 1st timers. There is also an attempt to have the amount increased to $15,000 but there is a great resistance to that. My advise is don’t count on the extension and most definitely not the increased amount. Time is running out with credit being tight and closing dates being pushed out you would need to commit to purchase early this month to be insured to close by November 30th. I have been very busy as of late and have been somewhat remis in updating this blog. Not to worry I fully intend to do a better job about keeping my followers advised of any new developments in Real Estate. Expect to see new postings every couple of weeks