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http://www.Myfirstmichiganhome.com
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Language: English
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My First Michigan Home is the brainchild of several successful real estate investors. My First Michigan Home understands it all starts with the acquisition of someone’s first house. Ownership is the key ingredient to building long term wealth and realizing the numerous advantages that exist over renting. Over the past years prices have fallen and a “Buyer’s Market” now exists. Seasoned investors see a unique opportunity in creating a niche in the Michigan Market which has been greatly under serviced. Personal ownership can start late, but still finish first. Yes, there are companies that work with clients to acquire their first homes but My First Michigan Home has a prospective that distinguishes itself from all of the others. This real estate corporation has interviewed hundreds of first time buyers to substantiate what if anything can be done to make the buying process better. After carefully listening to all the ideas both good and not so good this is what has been incorporated for the ultimate Home Buying Program. My First Michigan Home offers a perks package which assists the first time buyer with the transition from renter to home owner. Our packages include: Closing Cost Assistance, Furniture Shopping Sprees, and everybody’s personal favorite, the “Relax and Let Us Move You” package.
Date / Time: 10/29/2009 1:45 PM UTC
Senate Democrats indicate that First time Homebuyers Tax Credit will be renewed until at least April of 2010!
Good news! It appears that Senate Democrats have recognized the tremendous value of the First Time Homebuyers Tax Credit and that it will be renewed soon. At this time, it is believed that the credit will allow anyone purchasing (even if the property is not closed) a home by April 30, 2010 to participate and receive the full credit available. The credit will be continued (but reduced by 2% each 90 days) through the end of 2010! The credit will be slightly lessened, but it will be renewed and this extension should allow the market to continue to recover into and through next summer’s selling season. Of course, there’s always the possibility that it could be renewed at that time, as well.
Here’s the text of the story as reported in Bloomberg News today: Senate Democrats on Board with Credit Extension Senate Banking Committee Chairman Chris Dodd (D-Conn.) says Senate Democrats have agreed to extend the first-time home buyer tax credit. The latest version extends the program to home sales signed — not closed — by April 30. Purchasers would have another 60 days to close the sale. The credit will also be expanded to include so-called step-up buyers who have lived in their current home for at least five years. The credit would be cut slightly to a $7,290 cap. Income eligibility for first-time home buyers would stay the same, but it would rise for step-up buyers to $125,000 for individuals and $250,000 for couples.
Source: Bloomberg News, Dawn Kopecki and Ryan Donmoyer (10/27/2009)
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