The Count Down Has Begun! 44 Days for the $8,000 or $6,500 Tax Credit! First time home buyers are anyone that has not owned a home in 3 years.
The credit allows you to subtract 10% of the price you pay for the house up to $8,000. Example: $300,000 x 10% = $8,000
$200,000 x 10% = $8,000
$100,000 x 10% = $8,000 Friends or relatives may give you the money to purchase a house and you can pay them back when you get your refund. 
What could you do with this money? Use is as a down payment? Closing costs? What is your dream? Home owners that have owned a home for 5 years. The $6,500 tax credit will help you buy a new property. Is now the right time to get a larger house or a property in a different neighborhood?
Perhaps you would like to down size and trade that large house for smaller or condo? Portland Metro and Vancouver are experiencing a "normal" market, similar to real estate
in transactions as seen in 2002. Economists agree that we will only continue to grow at
an even rate in the future. Remember, all real estate is local, and this could be the Northwest, a neighborhood,
a block or a price range. We believe that the market is stable here and will continue to grow at a reasonable even rate. TODAY'S INTEREST RATE 4.75 What difference would it make to purchase a home at this interest rate?
If you took out a $300,000 mortgage with principle and interest = $1564.94. If you took out a $300,000 mortgage with an interest rate of 5.25 principle and
interest = $1656.61. The difference is $91.67 per month or $1,100.04 per year. Procrastination does not usually produce the best out come. Interest rates are artificially low and are supported by the Federal Goverment. Don't wait until this support goes away, which it will! The unrealized super monetary benefit of owning a home..
Curious.....just a little?
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