Comments on: First Time Home Buyers Tax Credit

By: Denver@Abney Solicitors in Manchester

Denver@Abney Solicitors in Manchester — Tue, 19 Jul 2011 11:04:31 +0000

Sounds like a great tactic to deploy for those stuggling to gain a foothold within the housing market – considering this was a few years ago, itll be interesting to judge how successful it has been – perhaps other countries could take a leaf out of this….

By: Divorce Solicitors

Divorce Solicitors — Thu, 07 Jul 2011 09:47:51 +0000

I think this credit will encourage many to buy a home. But the problem with it is that if you are a home owner and havent pourchased a home in the last 3 years you are still eligible for the $8,000? How does that work when someone already has a home, buying another would seem a bit greedy to say the least. First time home buyers is not as accurate as stated before but it should enourage more people to take the plunge and purchase a home.

By: Discovery Bay real estate

Discovery Bay real estate — Mon, 24 Jan 2011 19:27:55 +0000

What does “first time” mean?

By: Dream Apartment Vancouver

Dream Apartment Vancouver — Tue, 04 Jan 2011 06:59:50 +0000

This step may encourage the people to buy a home.

By: omid

omid — Fri, 16 Apr 2010 19:27:24 +0000

does Tax benefit also apply to Canadians?

By: Andre @ 15000 Dollar Tax Credit

Andre @ 15000 Dollar Tax Credit — Thu, 08 Apr 2010 18:20:13 +0000

The term “first time home buyers” is definitely misleading. It may seem crazy as Terrance mentioned, but at least more people are qualified to avail of this tax credit. A great incentive and motivation for home buyers and sellers alike.

By: dave@get a student loan

dave@get a student loan — Sun, 14 Feb 2010 15:42:23 +0000

The tax credit has been extended to may 2010 – I am so close to being able to get pre-approved just not quite there yet, hopefully I can make the deadline, get 8K and a new home to reside in

By: Family Law Solicitors London

Family Law Solicitors London — Fri, 29 Jan 2010 10:29:07 +0000

In the UK you wouldn’t been seen as a first time buy like that. If you have ever bought a house then the credit history would help get another morguage as long as its a good rating.

By: Jamie@ help with foreclosures

Jamie@ help with foreclosures — Fri, 23 Oct 2009 16:29:38 +0000

I don’t know if it is a good idea. The temptation of buying a home can attract people who can’t afford it,and lie on their application,like a lot of people did, and go into foreclosure. If you can’t afford to buy don’t buy. I see beyond Obama’s sugar coating…

By: Dana Bain@Premiere Mortgage in Mass

Dana Bain@Premiere Mortgage in Mass — Thu, 13 Aug 2009 18:32:02 +0000

I agree. Not only because it helps people who were thinking they couldn’t afford to buy a home right now, but also because it helps home sellers. People who may have been waiting months to sell their homes – since there are lots of homes for sale (or foreclosed!) and fewer home buyers (buyer’s market, right?) – those individuals can now have hope that their homes might actually sell. It helps get a sluggish real estate market moving again, and that is good for everybody.

Other efforts from the Federal Reserve Board are helping families, couples and individuals feel better about taking the financial steps needed to purchase a home. Revisions in mortgage disclosure, enacted in July, are set up to ensure greater transparency for consumers. Any new changes that come and are geared to protect consumers who need more information before closing on a mortgage loan can do nothing but help our country’s current stasis.

Interested in what others have to say about this.

-Dana