$8000 Tax Credit First Time Home Buyer Alert in Green Bay WI

It’s pretty highly unlikely for you to have not heard about the $8000 Tax Credit going on right now for first time home buyers in Green Bay WI. First time home buyers in Green Bay WI have been coming out of the woodwork the past 10 months to get into home ownership.

Today I want talk about the Green Bay WI first-time home buyers $8000 Tax Credit and the other positives of owning a home that you may have not thought of.

First Time Home Buyers in Green Bay WI Still Have Some Time Left

The first time home buyers $8000 tax credit is for any buyer that has never owned a home or hasn’t owned one in the last three years
To qualify for the first time home buyers tax credit your home purchase must occur on or after January 1, 2009 and before December 1, 2009.
Closing of the property must occur prior to December 1st.
There are income limits and other qualifying standards that may need to be met.

Please consult your local tax advisor for in depth analysis of your situation.

Benefits of being a First Time Home Buyer in Green Bay WI

Ability to deduct your property taxes at the end of the year.
Ability to deduct your mortgage interest on your taxes.
Energy efficient upgrades you can implement into your new home for additional tax benefits.
Opportunity to purchase a Home in Green bay WI at a lower price then in the prior years due to a declining Green Bay Real Estate Market.

Realistic Expectations of Purchasing a Green Bay, WI Home by November 30,2009

30-45 days is industry standard for a closing on a home mortgage.
With new appraisal laws you might expect some delays from receiving an appraisal which could slow your transaction down
You need at the latest to start looking at homes mid October and have one picked out and negotiated by no later than October 30, 2009.
Just because you have a home picked out and negotiated doesn’t mean you’ll be guaranteed a closing time on November 30, 2009
The pipelines at banks will be filling up with other Green Bay, WI home buyers that waited to the last minute, so be prepared and select a lender that you trust can get the job done in time.

Responsibilities of Purchasing a Home in Green bay WI

Purchasing your first home home in Green Bay, WI is not only a milestone in your life life, it can also create a new world of responsibilities. I strongly encourage you not to purchase a home in Green Bay, WI if you are doing it solely for the first time home buyer $8000 tax credit.

You could be setting yourself up for new responsibilities that you might wish you didn’t have such as:

Property maintenance.
Home owners insurance.
Duty to keep your home and surrounding area in tip top shape and many more.
If you don’t plan on being in your home for at least a minimum of 5 years you could also be facing a bill when you try to sell your home.

The Flip-side of Purchasing a Home in Green bay WI

On the flip-side, if you know you’re going to be purchasing a home in Green Bay, WI in the next year there is really no reason to wait because it could cost you $8,000 that you could use in a variety of ways to better your financial situation.

In all honesty, I can’t imagine there being another first time home buyer tax credit offered even though there has been some talk about extending it. Don’t leave this great opportunity to chance, especially if you have already made the decision to buy a home in Green Bay, WI.

Local Real Estate Expert “Green Bay Greg” of Green Bay WI

It’s important hire a Green Bay Real Estate Expert such as Greg Dallaire, a.k.a “Green Bay Greg,“ a real estate expert who has the pulse on the local real estate markets in Green Bay WI.

Through my four years in Green Bay Real Estate I have helped many first time home buyers make home ownership a reality. Take a look on the tab up above to check out a video testimonial of a first time home buyer in Green Bay WI that I helped. Let them share with you their experience in working with “Green Bay Greg.”

Greg Dallaire is the ‘premier’ Green Bay WI Real Estate expert. Greg’s approach is cutting edge, utilizing creative Internet marketing strategies to get your Green Bay WI Home SOLD! If you are looking for a true local expert with a proven track record of success in the Green Bay WI Real Estate market, give “Green Bay Greg” a call today at 920-217-2647. See what Green Bay Greg’s clients say about his services via video.

Let me help you find your ‘dream home’ and take advantage of the first time home buyer $8000 tax credit - Don’t delay because time is running out!!