As you may have heard, the first-time home buyers credit of $8,000.00 has been extended recently by the Federal government, which is welcome news to the real estate community. The extension is good through June 2010 and the hope is this extension will allow further progress on the housing market for the last quarter of 2009 through the typically heavy spring/summer housing market in 2010. We welcome this as an opportunity for continued economic growth.
QMM concentrates in residential and commercial real estate transactions. If you or anyone you know might be a first-time home buyer, this would be an ideal time for them to purchase while taking advantage of this historic credit. We are happy to assist in all closings and welcome all questions/referrals.
In addition, the new legislation allows other categories of persons to obtain credits of up to $6,500 even if they are not first-time home buyers, but rather, are persons who have owned and occupied their homes for five years out of the past eight. Again, another welcome incentive for persons that might otherwise not have been able to move out of their existing homes due to the falling price of their home.
For more information, feel free to contact one of our attorneys at 630-759-7000 or via e-mail at: info@qmmlaw.com.
