The $8,000 Tax Credit Made Easy
Posted by Judy Orr on
Update: Please read my latest post about The First Time Home Buyer Credit being extended as it contains some updates to this post.
A possible short sale homeowner will be listing her Scottsdale home for sale with me soon. She is hoping that we will be able to sell it witho
ut having to do a short sale but I am not optimistic about it (she needs more than the home is worth based on comparables and the home is located on a busy street, bringing its market value down even further). She mentioned that the $8,000 tax credit will not really benefit her because her home is out of most first-time buyers' affordability, needs, and wants.
I told her that she might not get a first-time buyer for her home, but this credit will help her because a first-time…
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