Greetings neighbors,

As you may already know, one of the biggest stories in the real estate market for the past few months to a year has been the First Time Homebuyer Tax Credit and it's extension.  Many people who have decided to take advantage of Obama's plan during the economic recovery are concerned with getting back on their feet.  According to a survey by Coldwell Banker, consumers would choose to spend their tax credit on:

Paying off debts - 34% said they would use their tax credit to pay off debts. This act will free up more money for investments or saving.

Home Improvements - 29% said they would use the tax credit to make home improvements. This act increases home values as well as home equity.

Place into Savings or Investments - 28% said they would place money received into a savings account of invest. This act is better for returns opposed to purchasing with credit.

Looking for a home to get in on the First Time Homebuyer Tax Credit Extension? Let the zac team help, give us a call at 1.800.510.1884.