Friday it started. I got an email from a lender informing us that their FHA rates had dropped to 6.00%, a drop of .50%. Yesterday more emails and phone calls as other lenders followed suit. That alone should get some buyers of the fence. Now add in the $7500 tax credit and if that doesn't get your buyer motivated then I would question whether you really have a buyer. Is the tax credit a good deal? At first I wasn't sure but the more I think about it more I think it is. It's not the best thing Congress could have done, but it's what we have so let's make the most of it. Lets look at some of the features of this program. 1. You do get to take the $7500 credit when you file your 2008 taxes--That's a good thing. 2. It's for qualified first time home buyers--That's a good thing and you're a...
Comments
9