Tag Archive: Tax Credit

The Post Tax Credit Era – Is now a better time to buy?

Here we are nestled between the expiration of the $8,000 first time home buyer tax credit (also the $6,500 move up credit), and the date by which those transactions must close, June 30th. So what does that mean out there in the real estate market of Northern Virginia and DC? Well, I argue that it…

Buyer Frustration Reigns – Part 1

First time home buyers in the Northern Virginia area are finding themselves among scores of other frustrated and increasingly disinterested would be purchasers these days. With the $8, health 000 tax credit deadline looming hundreds of well intentioned and capable individuals in our area will be left out. With multiple contracts on most everything (under…

Home Buyer Tax Credit Expiring: Buyers and Sellers Can Benefit

There is some speculation that the $8,000 First Time Home Buyer Tax Credit will be extended beyond the current deadline and potentially increased. Conjecture aside, what we do know at this time is that the current credit is set to expire on November 30th of this year. This gives a narrow and closing window of…