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06-28-2009, 11:56 AM
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Possible $15,000 Tax Credit????
A buyer I am working with sent this to me on Friday. I hadn't herd of this at all and I was wondering what all or you thought. It appears that this would be a $15,000 tax credit for all buyers, not just FTHB. It looks to me that Senator Johnny Isakson (R-GA) is the one pushing for this. What do all of you make of this.
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06-28-2009, 11:57 AM
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Re: Possible $15,000 Tax Credit????
Last edited by cpa realtor; 06-28-2009 at 12:00 PM. Reason: wrong website
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06-28-2009, 01:32 PM
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Re: Possible $15,000 Tax Credit????
This was on the table earlier this year before it was cut down to the current $8,000 version. Doubt that it will get enough support in Congress.
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Eddy Kicker Greenville SC Relocation Specialist Greenville SC Real Estate Simpsonville SC Real Estate Greer SC Real Estate
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06-28-2009, 04:16 PM
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Re: Possible $15,000 Tax Credit????
I think the 8000 credit for first timers is providing a pretty good kick. I doubt they would up that.
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Greg Long | Keller Williams | Portland, Oregon Portland Oregon Homes for Sale | Portland Real Estate | Portland Pearl District Condos
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06-28-2009, 08:16 PM
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Re: Possible $15,000 Tax Credit????
I know of at least one buyer who is waiting to see if this goes anywhere before buying.
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Michael Paul Eau Claire Homes for sale | Chippewa Falls Real Estate | Eau Claire MLS Listings
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06-29-2009, 01:37 PM
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Re: Possible $15,000 Tax Credit????
Thanks for the post. I didn't even know they are considering doing the $15,000 tax credit again. With this news, I am sure there will be some FTHB that might wait a month or 2 to see what will happen.
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Paul Caparas Broker Associate/Realtor Weichert Realtors Elite San Diego Homes For Sale Scripps Ranch Real Estate Mira Mesa Real Estate
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06-29-2009, 03:00 PM
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Re: Possible $15,000 Tax Credit????
It doesn't sound like this is going to go anywhere. Senator Johnny Isakson is the only person that is really pushing for this. The problem that rumors like this cause is a lack of motivation among buyers. Having people like Isakson continue to pitch the $15k tax credit only slows us down.
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Ryan A. Martin - Windermere Real Estate / Whatcom Inc. Your Bellingham real estate professional specializing in the listing and sales of Bellingham condos. Also check out my Anacortes real estate website for information about Fidalgo Island and Anacortes, WA
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06-29-2009, 03:04 PM
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Re: Possible $15,000 Tax Credit????
I would remind my clients that the $8000 tax credit went back four months from date of passage. That should help ease their concerns.
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06-29-2009, 04:37 PM
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Re: Possible $15,000 Tax Credit????
I wish this stuff would not end up in the main stream media. It is such a long shot when the treasury is already having a hard time placing bond debt. There really isn't enough money for this sort of a play. It would be nice if it came to fruition, however I have had 4 buyers park it to find out what happens. One of them had a friend that bought a house in December and so missed out on the 8k tax credit.
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06-30-2009, 11:11 AM
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Re: Possible $15,000 Tax Credit????
Not-a-gonna-happen.
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Steve Howe - REALTOR First Time Home Buyers Programs MN First Time Home Buyers Class Minneapolis, MN SteveH [at] MNRealEstateTeam [dot] com
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