Tax Credits are Winding Down

In an effort to stimulate the U.S. housing market and address the economic challenges facing our nation Congress had passed new legislation that provided tax credits of $6,500 to current property owners and $8,000 to first time buyers. This ends on April 30, 2010 and appears will not be extended.

We feel this is a stimulus package that needs to stay in place. We still see everyday how the San Diego housing industry is suffering. The San Diego housing industry is one of the leading driving forces behind a recovering economy. The industry needs all the help it can get to clear all of the foreclosures and short sales from the market.

As people buy homes in San Diego, whether new or old, they immediately begin the spending process getting them fixed up. They buy new windows, window coverings, decorative items and furniture. They hire contractors to remodel kitchens and baths. They get new roofs installed. Bottom line, every time a San Diego home sale takes place the economy gets a boost within many industries. San Diego needs this continued economic boost to get us back on the road to a full recovery.

If you believe like we do and want to see this home buyer tax credits remain in place please contact your Congressman to let them know. If our San Diego area Congressman hears from enough of us they will listen. Don’t procrastinate, the sooner we get a ground swell going the better chance we have at getting an extension of the current programs or the implementation of some new programs.

We are here to help you still take advantage of the current programs before they expire. The programs are written so that all you have to do is have a home under contract before April 30, 2010. We then have until July 1, 2010 to actually consummate the sale. It’s not too late, give Floyd or Larry a call toll free at 877-269-1814. We have the tools and the knowledge of the San Diego real estate market and current financing programs to still make it happen for you and we welcome the opportunity.