www.macombinvestments.net | A Real Estate Investment Company

What an opportunity for the Macomb County Real Estate market to take a leap at the turn of this year. The $8,000 tax credit which was called to end in November for first time homebuyers has been extended to April. This is really good for our market. It will allow more sales to happen and that can stabilize the market value for properties in our area.

Also on top of the $8,000 tax credit homebuyers that have owned there home for 5 years or more are able to receive $6,500 as a credit this will push more home sales in the market we have today and can help us a lot. Also for realtors and investors it’s going to be a good season to pick up some client’s and make some money as well. The sales agreements need to be signed by the end of April in order to get the tax credit.

It’s always good to hear some news that goes in your favor. So I thought I would share the exciting news as I wrote this weekly blog. I know it gives an advantage to rehabbers in the areas that are buying and selling homes as well because this can increase the market to hit appraisals easier as well as find more buyers.

There are plans in the works as well for business’s to receive extra tax advantages as well. Stay tuned for more information on that. Though we have a lot of work that needs to be done I figure this is a start. First time homebuyers go find your self a deal and capitalize on this down market. Some people aren’t going to like the market some people will take advantage of it. I say let’s take advantage of the opportunity and buy now! I would say now is the best time for new home buyers to buy in the Macomb County real estate market than ever.

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