Indianapolis/Fishers Real Estate

As a Realtor®, I can tell you that the First Time Buyer’s Credit is making a difference in the housing market.  I read today that the Senate agreed Wednesday to extend the First Time Home Buyer Tax Credit.  It is set to expire on November 30, 2009 and the Senate has agreed to extend it for all contracts signed by 4/30/10 and closed by 6/30/10!

AND there is good news for move up or move down buyers too if you have lived in your home for the last five years.  The action also includes offering a tax credit of $6,500 for Repeat Buyers.  This AP article gives you more details.

This makes a lot of sense given our declining values for sellers to “make up” some of this difference.  It will help motivate the market because in order to get the credit when selling, they must buy another home!  A likely scenario is for those repeat buyers to buy a distressed or bank owned home and have the funds to rehab it back to market value helping neighborhoods all over the Indy area.  There are income limitations proposed of $125,000 for singles and $250,000 for a married couple.

Of course details are still very sketchy.  In fact, this still has to pass the full Senate and House!  So stay tuned.

I am your Fishers Realtor® and do a great deal of my work with Fishers homes for sale, but keep in mind that I do not have borders on my business.  I sell a lot of real estate in surrounding areas of Carmel, Noblesville, Brownsburg and Lawrence Township.  I can add value to you or someone you know interesting in buying, selling or investing in real estate!

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Other Northside Blogs (Carmel, Noblesville, and Geist)

 Cindy “in Indy” Marchant - Fishers Real Estate Agent
Keller Williams Realty Indy Metro NE
Fishers IN Real Estate Website
317-290-7775