Market News
March, 2010
We are in Spring Market and the Glastonbury and surrounding towns are very active with many buyers wanting to take advantage of the Government's tax credits. The first time (or if you haven't owned a home for three years)credit of $8,000 can be used to help pay your taxes or it will be given as a refund if you do not owe any taxes or whatever portion you do not owe will be given to you as a distribution check. The $6,500 credit is for buyers who have owned their home for 5 of the last 8 years, and are wanting to "bump up or down" to their next home. Again, it can be used to pay taxes if they are owed, or a distribution check will be sent for the whole amount or difference depending on each situation.
This is an unprecedented opportunity, coupled with extremely low interest rates and affordable pricing of our marketplace right now, but there is little time left to take advantage of all this. Contracts must be in place by April 30, 2010, and there is plenty of time to close-up to June 30, 2010.
You can do it if you try!
