15,000 Reasons to Buy a New House

By in Real Estate Industry with 1 Comment

Another agent just called a colleague of mine to ask if his clients could delay by about a week on the purchase of the home they’d agreed to buy.  The clients didn’t want to buy the house until they were sure they’d get that $15,000 tax credit portion of that the stimulus package promises, and they thought it might pass within a week.

I think it’s cute that someone thinks our government works that fast and that a)the House and Senate would ever agree to something that quickly and b)the minute the plan passes – boom! – a check for 15K shows up in your mailbox.

According to the web site of the author of the plan, Georgia Senator Johnny Isaksen, the $15,000 tax credit would

…not have to be repaid.

The amendment would allow taxpayers to claim the credit on their 2008 income tax return. It also seeks to prevent misuse by only allowing purchases of a principal residence and by recapturing the credit if the home is sold within two years of purchase. The amendment would sunset the current $7,500 housing tax credit on the date of enactment.

So, see, go ahead and buy the house whenever you want.  They’ll make it retroactive or cover you somehow.

Read the entire press release from his web site here.

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About The Author
Cari McGee

My husband and I came to the Tri-Cities in 1994, and we thought it would be a temporary stop on our way to larger cities. He was a television sports anchor at the time, and we planned to go wherever the "next step up" took us. Twenty-plus years later, we're still here and we've loved every minute of it! We have two children now, and we've found the Tri-Cities area is a wonderful place to raise a family. It's a great place to do outdoorsy things -- I like to hike Badger Mountain or run along the river path. I also love reading ... by a cozy fire in the winter or a beautiful picture window in the summer (with the A/C on!). I've been a licensed Realtor since 2004. I earned my managing broker's license in 2016, which means I can run my own brokerage, or create a team of real estate agents and supervise them, which is exactly what I did when I formed the Cari McGee Real Estate Team in 2018! We have administrative and marketing personnel, as well as additional agents to serve you. I became a director of the Tri-Cities Association of Realtors Board of Directors in 2016, became Secretary/Treasurer of the organization, and was elected to Vice President in 2019. Want to talk about real estate? Click here to schedule a meeting with me!

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