Great news! If you fulfill all the criteria below, you may be eligible to have an extra $8,000 TAX FREE this year. Here are the main points:

• Have not owned a home in last 3 years
• Purchase a home for at least $80,000 before 12/01/09
• Must be owner-occupied
• A true tax credit – not repayable, unless you sell in first 3 years
• Some income restrictions do apply

Call us for a complimentary consultation, including specific details and your particular qualification for this great opportunity. (Hey, we also know of some programs to help you with down payment and other great mortgage advantages!

Straight Talk from your Trusted Advisor…Alyce

Here’s my latest take on the housing market. If you are a first time buyer, you will win, win, win. With lower prices, builder incentives, lower interest rates PLUS the government’s gift of $8,000, YOU are the high roller here.

If, however, you are trying to downsize, you will more likely lose. That’s because the market for your present house is much smaller, prices are down (sometimes way down!) so you won’t get nearly as much as you think your house is worth.

On the other hand, if you are selling and planning to purchase right away, you will find yourself in a neutral position. That is, you will probably not get the money you think your house is worth, but you will probably make it up on the new purchase.

Straight talk from your trusted advisor….Alyce