$15000 Tax Credit For Homebuyers

The Senate voted Wednesday night to give a tax break of up to $15,000 to homebuyers in hopes of revitalizing the housing industry. The tax break was adopted without dissent.

Sen. Johnny Isakson, R-Ga., who advanced the homebuyers tax break, said it was intended to help revive the housing industry, which has virtually collapsed in the wake of a credit crisis that began last fall.

The proposal would allow a tax credit of 10 percent of the value of new or existing residences, up to a $15,000 limit. Current law provides for a $7,500 tax break for the purchase of new homes only.

Isakson’s office said the proposal would cost the government an estimated $19 billion.

Democrats readily agreed to the proposal, although it may be changed or even deleted as the stimulus measure makes its way through Congress over the next 10 days or so.

…..developing, more to come

UPDATE!!!!!! – February 12, 2009

Hear That? That was the thud of thousands of Realtors across the Country hitting the floor when they realized what the Obama Crapulus…er..I mean Stimulus package brain trust quietly did in getting the bill seemingly approved.

Did you hear about it? Well if you haven’t, let me be the one to break it to you. You know about the $15,000.00 tax credit that was in the bill to help stimulate the economy and revive a sagging real estate market don’t you?

Well in their collective infinite wisdom, the lawmakers of this Country have decided that the housing market isn’t in all that bad of a shape and decided to yank the tax credit from the bill. Yep, no tax credit for your buyers. Unless of course they are of the first time homebuyer variety.

Hello…you still with me or have you joined many of your colleagues looking up from the floor wondering WTF you are going to do now?

Well, here’s an idea, join the rest of us who are ecstatic that the Government DID stimulate the housing sector by taking the tax credit out. Am I nuts…NO WAY!! This means the market for short sales has gotten even more lucrative.

You see the banks were counting on this as well as a way that they felt was going to help them not to have to take as many losses as they have been. Now, it’s going to be even easier to get your short sale approved. Banks and LM’s are going to be even MORE aggressive in settling these non-performing assets.

If you know what you are doing and know how to package a short sale you are going to see deals move at lightning speed and accordingly your commissions will be higher.

That is…if you ACTUALLY know what you are doing!

Our award winning, top ranked Short Sale Course is on sale for just a few more days. Our Realtor Bailout Plan is working. We could never have imagined that so many agents and investors were finally motivated to learn the correct way to successfully execute short sales.

We told you about a Boston real estate agent who had 100 buyers and multiple offers on a property, and there are literally hundreds of success stories just like him.

On Saturday at midnight the sale is over. We’ll be going back up to full price. There has never been a course of this quality offered at such a low price. Thanks to the guys over at Real Estate Radio USA you can get the Short Sale Video Course for just $39.97!!

But you better act now, the price goes back up at Midnight on Saturday.

Don’t rely on the Government to bail you out. Learn to implement a stimulus package that YOU control. Learn how to proficiently and expertly execute short sales today!