Fall is definitely here. The trees in Hoover Alabama are BEAUTIFUL. Soon it will be Thanksgiving which is only 5 weeks before the end of 2008.
During September and October the TV News was flooded with talk of ecomonic crisis!! It was really hard to focus on all the GOOD Things happening in our economy. Back in July, the president signed a bill that gives First Time Home Buyers a TAX CREDIT. The credit is worth up to 10% of the amount they pay for a home. This means if you buy a home that costs $75,000 or more, you will receive a $7500 tax credit. The maximum you can receive is $7500, but even if you pay a lot more than that, $7500 is still a nice little sum.
The housing bill (which is NOT the most recent Bail Out package) does a lot of things but the biggest and best for first time home buyers is this tax credit. There is nothing you have to apply for - no big government red tape, just buy a home and when you file your 2008 taxes, you fill out a form to get the tax credit. Now, you will have to pay the credit back over the next 15 years, but it is the equivalent of an interest free loan. Starting with your tax return in 2010, an amount equal to 6.67% of the total credit you took will be added to the amount of tax you have to pay. This is a little over $500. You will pay the tax credit back a little at a time. There is no interest that will be added to it, so it is essentially an interest free loan, but you DO have to pay it back.
This tax credit is good for homes purchased through June 30, 2009, but why wait ‘till next year? There are lots of great homes on the market now and if you shop NOW, you could be in a home before Christmas AND get a Tax Credit of up to $7500 with your 2008 return.
Contact a lender TODAY and get pre-approved for a loan. They can also explain the details of the housing bill and answer any questions about what you can afford and how much your monthly payment would be. 
Interest Rates are really low and there is plenty of money available for qualified buyers.
Here are 4 houses that I have listed for Sale in the Greater Birmingham area. These homes are priced between $82,000 and $190,000. All of these would qualify for the 1st Time Home Buyer Tax Credit. If you would like to buy one of these great homes, I can help. If you
'd like something a little different - you can also shop for houses on line at my website www.ToniBird.com, and when you are ready, let me know - I'll help you find the home of your dreams.
