Market conditions currently favor first time homebuyers. Historically low interest rates, affordable prices, large variety of properties to choose from and the new $8,000 First Time Homebuyer’s Tax Credit make this an ideal time for consumers to make their move.

With this bill, first time homebuyers may now qualify for a tax credit up to $8,000 (the previous amount was $7,500) on the purchase of a principal residence.  In addition to increasing the tax credit limit the terms of repayment have been modified, in most circumstances the homebuyer no longer needs to repay the tax credit.

This is not only good news for first-time homebuyers, it is also a great opportunity for you as sales professionals to educate your clients and make them aware of how they can benefit from this tax credit.  To further assist you in communicating this good news, the Century 21 team has compiled the following information. (See the Related Documents link below to access these items)

*Penn, Schoen & Berland Associates conducted an online poll on behalf of Century 21 Real Estate LLC with 1,000 prospective first time homebuyers. The survey fielded from March 2-7, 2009, and has a margin of error of ± 3.1%