Raleigh homes will be an attractive buy even after the tax credit ends. While the Home Builders Association of Raleigh-Wake County is encouraging buyers to take advantage of the Federal home buyer tax credit before it expires on April 30, know that even once the credit expires, new home deals will still be available around the Wake County.
The tax credits have been beneficial and nearly 70 percent of all potential home buyers qualify for some form of the tax credit. As the population in Wake County continues to grow, many home buyers, who have moved from other areas, are now in a position to again purchase a home.
The Worker, Homeownership, and Business Assistance Act of 2009 that included the extension of the $8,000 tax credit for first-time home buyers and a $6,500 tax credit for move up home buyers will expire April 30, 2010. Qualified home buyers using either tax credit must be under contract by April 30, 2010 and close by June 30, 2010. Call the Freeman/Davis Home Team at 919-649-6638 and we help you find the right home in the next two weeks.
The popularity of new construction is undeniable but when looking at new homes, most importantly you will want a REALTOR to represent you and only you in the transaction. If you walk in to the new construction model home and sign in and register, you may not be able to come back later with your own representation because the builders agent will be what is called the procuring cause of the sale. What this means to you is that the builders REALTOR marketed the home and that is the reason you found them so you might be stuck using the builders agent to represent you in the transaction. In my opinion, it is even more important to have a REALTOR represent you separate from representing the seller when buying a new construction home than it is when you buy an existing home. These reasons are many, but, mainly it is because you need to make sure that someone representing your interests is there to recommend a home inspection, negotiate for builder incentives and repairs to code requirements and help you determine what a fair market value for the home is.
Visit us online at www.HomeSearchRALEIGH.com and iRaleighRealEstate.com and see the buyer services we have for you. Our MLS NC search is there for your initial screening of homes but it is most important that you Contact Us for expert guidance along the way…AND BEFORE you enter a new homes community and talk with the builder’s onsite agent.