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	<title>Move into Gables End, Mountain View, California &#187; Programs</title>
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	<link>http://www.regishomes.com/gablesend-blog</link>
	<description>Regis Homes Gables End</description>
	<lastBuildDate>Tue, 28 Sep 2010 14:44:30 +0000</lastBuildDate>
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		<title>Mountain View&#8217;s #1 Selling Community!</title>
		<link>http://www.regishomes.com/gablesend-blog/mountain-view-california/gables-end-residents-and-community/mountain-views-1-selling-community/</link>
		<comments>http://www.regishomes.com/gablesend-blog/mountain-view-california/gables-end-residents-and-community/mountain-views-1-selling-community/#comments</comments>
		<pubDate>Tue, 28 Sep 2010 14:41:38 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Incentives]]></category>
		<category><![CDATA[New Home Buyers]]></category>
		<category><![CDATA[Our Community]]></category>
		<category><![CDATA[Programs]]></category>
		<category><![CDATA[gables end]]></category>
		<category><![CDATA[gables end mountain view]]></category>
		<category><![CDATA[Gables End on Facebook]]></category>
		<category><![CDATA[Gables End on Twitter]]></category>
		<category><![CDATA[gables end pricing]]></category>
		<category><![CDATA[Gables End Townhomes]]></category>
		<category><![CDATA[mountain view real estate]]></category>
		<category><![CDATA[Mountain View Townhomes]]></category>
		<category><![CDATA[new homes]]></category>
		<category><![CDATA[New Homes in Mountain V]]></category>
		<category><![CDATA[New Homes in Mountain View]]></category>
		<category><![CDATA[Silicon Valley Real Estate]]></category>

		<guid isPermaLink="false">http://www.regishomes.com/gablesend-blog/?p=1869</guid>
		<description><![CDATA[
There’s still time to get a great deal and be in your new Mountain   View home before the holidays – 30 days close!  BUT HURRY – ONLY 1 HOME  REMAINS! This move-in ready 3 bedroom NEW Mountain View   home in a  prime park location with gorgeous hardwood flooring ($30,000 [...]]]></description>
			<content:encoded><![CDATA[<p style="text-align: center;"><a href="http://www.regishomes.com/gablesend-blog/wp-content/uploads/2010/09/model-g-LR_1.jpg"><img class="aligncenter size-full wp-image-1871" title="Gables End " src="http://www.regishomes.com/gablesend-blog/wp-content/uploads/2010/09/model-g-LR_1.jpg" alt="" width="491" height="325" /></a></p>
<p>There’s still time to get a great deal and be in your new Mountain   View home before the holidays – 30 days close!  BUT HURRY – ONLY 1 HOME  REMAINS! This move-in ready 3 bedroom NEW Mountain View   home in a  prime park location with gorgeous hardwood flooring ($30,000 worth of  upgrades  included) is priced at just  $659,900! + 3.5% DOWN and   Limited Time LOW RATE 2.875%*  <em>Restrictions apply, please contact Sales to learn more.</em></p>
<p style="text-align: center;"><em><a href="http://www.regishomes.com/gablesend-blog/wp-content/uploads/2010/09/courtyard_2.jpg"><img class="aligncenter size-full wp-image-1870" title="Gables End Courtyard" src="http://www.regishomes.com/gablesend-blog/wp-content/uploads/2010/09/courtyard_2.jpg" alt="" width="491" height="327" /></a><br />
</em></p>
<p>Did you know? Gables End is on <a title="Gables End on Facebook" href="http://www.facebook.com/#%21/pages/Mountain-View-CA/Gables-End/130867929519?ref=ts&amp;ajaxpipe=1&amp;__a=36" target="_blank">Facebook</a> and <a title="Gables End on Twitter" href="http://twitter.com/GablesEnd" target="_blank">Twitter</a>.  Follow along for specially priced homes, community events, local business spotlights and incentives!</p>
<script src="http://cdn.gigya.com/wildfire/JS/WFButtonV2.js?b=click&w=250&h=220&theme=6&btnURL=http%3A%2F%2Fcdn.gigya.com%2Fwildfire%2Fi%2Fshare-button.gif&localConfig=%3Cconfig%3E%3Cdisplay%20showEmail%3D%22true%22%20showBookmarks%3D%22true%22%20showPost%3D%22false%22%3E%3C%2Fdisplay%3E%3Cbody%3E%3Ccontrols%3E%3Csnbuttons%20iconsOnly%3D%22true%22%20%2F%3E%3C%2Fcontrols%3E%3C%2Fbody%3E%3C%2Fconfig%3E&amp;defaultBookmarkURL=http%3A%2F%2Fwww.regishomes.com%2Fgablesend-blog%2Fmountain-view-california%2Fgables-end-residents-and-community%2Fmountain-views-1-selling-community%2F&amp;emailBody=I%20just%20read%20%3Ca%20href%3D%22http%3A%2F%2Fwww.regishomes.com%2Fgablesend-blog%2Fmountain-view-california%2Fgables-end-residents-and-community%2Fmountain-views-1-selling-community%2F%22%3EMountain%20View%26%238217%3Bs%20%231%20Selling%20Community%21%3C%2Fa%3E%20on%20Move%20into%20Gables%20End%2C%20Mountain%20View%2C%20California.%3Cbr%20%2F%3E%3Cbr%20%2F%3E%24userMsg%24&amp;partner=671981&amp;lang=en"></script>]]></content:encoded>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Extended by Popular Demand- 2.875% Rate, 3.5% Down at Gables End!</title>
		<link>http://www.regishomes.com/gablesend-blog/new-home-buyers/extended-by-popular-demand-2-875-rate-3-5-down-at-gables-end/</link>
		<comments>http://www.regishomes.com/gablesend-blog/new-home-buyers/extended-by-popular-demand-2-875-rate-3-5-down-at-gables-end/#comments</comments>
		<pubDate>Fri, 20 Aug 2010 21:20:22 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Incentives]]></category>
		<category><![CDATA[New Home Buyers]]></category>
		<category><![CDATA[Programs]]></category>
		<category><![CDATA[2.875% rate buydown]]></category>
		<category><![CDATA[builder rate buydown]]></category>
		<category><![CDATA[condos]]></category>
		<category><![CDATA[gables end]]></category>
		<category><![CDATA[Gables End Condos]]></category>
		<category><![CDATA[gables end entertainment]]></category>
		<category><![CDATA[gables end mountain view]]></category>
		<category><![CDATA[Gables End New Home Community]]></category>
		<category><![CDATA[Gables End New Homes]]></category>
		<category><![CDATA[gables end real estate]]></category>
		<category><![CDATA[Gables End Town Homes]]></category>
		<category><![CDATA[Gables End Townhomes]]></category>
		<category><![CDATA[GablesEnd]]></category>
		<category><![CDATA[mountain view]]></category>
		<category><![CDATA[mountain view real estate]]></category>
		<category><![CDATA[new home mountain view]]></category>
		<category><![CDATA[New Homes in Mountain View]]></category>
		<category><![CDATA[New homes in Silicon Valley]]></category>
		<category><![CDATA[real estate]]></category>
		<category><![CDATA[Regis Homes]]></category>
		<category><![CDATA[Silicon Valley Real Estate]]></category>

		<guid isPermaLink="false">http://www.regishomes.com/gablesend-blog/?p=1704</guid>
		<description><![CDATA[
Regis Homes of Northern California and Wells Fargo are offering  another compelling reason to buy now! Limited time NEW 2.875% rate with a min down payment of 3.5%,   restrictions do apply (see disclosure).* You could be in your home  this  summer, but you  have to act fast as  [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.regishomes.com/gablesend-blog/wp-content/uploads/2010/08/gables.jpg"><img class="alignleft size-full wp-image-1703" title="gables end" src="http://www.regishomes.com/gablesend-blog/wp-content/uploads/2010/08/gables.jpg" alt="" width="539" height="572" /></a></p>
<p>Regis Homes of Northern California and Wells Fargo are offering  another compelling reason to buy now! Limited time <strong>NEW 2.875%</strong> <span style="text-decoration: underline;">rate with a min down payment of 3.5%</span>,   restrictions do apply (see disclosure).* You could be in your home  this  summer, but you  have to act fast as  there are just a few homes   remaining at Gables  End.<strong> Join us this weekend for a tour of our most popular plan – The Glencoe! </strong>With   over 100 happy owners already calling Gables End  “home”, come see   for  yourself why we are Mountain View’s best selling  residential    community. <strong><br />
</strong></p>
<p><strong>Now Selling Model Homes Loaded with upgrades at Gables End.</strong><br />
<strong><br />
Glencoe</strong>- 3 bed/ 2.5 bath, great for entertaining,  granite   counter  tops in kitchen, high ceilings, patio/deck, extra  storage, 2   car  garage, and skylight.</p>
<p>Gables End is on <a title="Gables End on Facebook" href="http://www.facebook.com/#%21/pages/Mountain-View-CA/Gables-End/130867929519?ref=ts&amp;ajaxpipe=1&amp;__a=36" target="_blank">Facebook</a> and <a title="Gables End on Twitter" href="http://twitter.com/GablesEnd" target="_blank">Twitter</a>, follow along for specially priced homes, community events, local business spotlights and incentives!</p>
<script src="http://cdn.gigya.com/wildfire/JS/WFButtonV2.js?b=click&w=250&h=220&theme=6&btnURL=http%3A%2F%2Fcdn.gigya.com%2Fwildfire%2Fi%2Fshare-button.gif&localConfig=%3Cconfig%3E%3Cdisplay%20showEmail%3D%22true%22%20showBookmarks%3D%22true%22%20showPost%3D%22false%22%3E%3C%2Fdisplay%3E%3Cbody%3E%3Ccontrols%3E%3Csnbuttons%20iconsOnly%3D%22true%22%20%2F%3E%3C%2Fcontrols%3E%3C%2Fbody%3E%3C%2Fconfig%3E&amp;defaultBookmarkURL=http%3A%2F%2Fwww.regishomes.com%2Fgablesend-blog%2Fnew-home-buyers%2Fextended-by-popular-demand-2-875-rate-3-5-down-at-gables-end%2F&amp;emailBody=I%20just%20read%20%3Ca%20href%3D%22http%3A%2F%2Fwww.regishomes.com%2Fgablesend-blog%2Fnew-home-buyers%2Fextended-by-popular-demand-2-875-rate-3-5-down-at-gables-end%2F%22%3EExtended%20by%20Popular%20Demand-%202.875%25%20Rate%2C%203.5%25%20Down%20at%20Gables%20End%21%3C%2Fa%3E%20on%20Move%20into%20Gables%20End%2C%20Mountain%20View%2C%20California.%3Cbr%20%2F%3E%3Cbr%20%2F%3E%24userMsg%24&amp;partner=671981&amp;lang=en"></script>]]></content:encoded>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Limited Time 4.375% Fixed Rate at Gables End!*</title>
		<link>http://www.regishomes.com/gablesend-blog/mountain-view-california/gables-end-residents-and-community/limited-time-4-375-fixed-rate-at-gables-end/</link>
		<comments>http://www.regishomes.com/gablesend-blog/mountain-view-california/gables-end-residents-and-community/limited-time-4-375-fixed-rate-at-gables-end/#comments</comments>
		<pubDate>Fri, 06 Aug 2010 18:46:08 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Incentives]]></category>
		<category><![CDATA[New Home Buyers]]></category>
		<category><![CDATA[Our Community]]></category>
		<category><![CDATA[Programs]]></category>
		<category><![CDATA[condos]]></category>
		<category><![CDATA[gables end]]></category>
		<category><![CDATA[gables end mountain view]]></category>
		<category><![CDATA[gablesendhomes.com]]></category>
		<category><![CDATA[Homes for Sale]]></category>
		<category><![CDATA[mountain view]]></category>
		<category><![CDATA[Mountain View New Homes]]></category>
		<category><![CDATA[mountain view real estate]]></category>
		<category><![CDATA[Mountain View Townhomes]]></category>
		<category><![CDATA[New Home Community]]></category>
		<category><![CDATA[New Townhomes]]></category>
		<category><![CDATA[Regis Homes]]></category>
		<category><![CDATA[Regis Homes of Northern California]]></category>
		<category><![CDATA[Silicon Valley Real Estate]]></category>
		<category><![CDATA[Townhomes]]></category>

		<guid isPermaLink="false">http://www.regishomes.com/gablesend-blog/?p=1647</guid>
		<description><![CDATA[
Regis Homes of Northern California and Wells Fargo are offering  another compelling reason to buy now! Limited time NEW 4.375% fixed rates,  restrictions do apply (see disclosure).* You could be in your home this  summer, but you  have to act fast as  there are just a few homes  remaining at [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.regishomes.com/gablesend-blog/wp-content/uploads/2010/08/Gables_end1.jpg"><img class="alignleft size-full wp-image-1651" title="Gables End" src="http://www.regishomes.com/gablesend-blog/wp-content/uploads/2010/08/Gables_end1.jpg" alt="" width="546" height="573" /></a></p>
<p>Regis Homes of Northern California and Wells Fargo are offering  another compelling reason to buy now! Limited time <strong>NEW 4.375%</strong> <span style="text-decoration: underline;">fixed rates</span>,  restrictions do apply (see disclosure).* You could be in your home this  summer, but you  have to act fast as  there are just a few homes  remaining at Gables  End.<strong> Join us this weekend for a tour of our most popular plan – The Glencoe! </strong>With  over 100 happy owners already calling Gables End  “home”, come see  for  yourself why we are Mountain View’s best selling  residential   community. <strong><br />
</strong></p>
<p><strong>Now Selling Model Homes Loaded with upgrades at Gables End.</strong><br />
<strong><br />
Glencoe</strong>- 3 bed/ 2.5 bath, great for entertaining,  granite   counter tops in kitchen, high ceilings, patio/deck, extra  storage, 2   car garage, and skylight.</p>
<p>Gables End is on <a title="Gables End on Facebook" href="http://www.facebook.com/#%21/pages/Mountain-View-CA/Gables-End/130867929519?ref=ts&amp;ajaxpipe=1&amp;__a=36" target="_blank">Facebook</a> and <a title="Gables End on Twitter" href="http://twitter.com/GablesEnd" target="_blank">Twitter</a>, follow along for specially priced homes, community events, local business spotlights and incentives!</p>
<script src="http://cdn.gigya.com/wildfire/JS/WFButtonV2.js?b=click&w=250&h=220&theme=6&btnURL=http%3A%2F%2Fcdn.gigya.com%2Fwildfire%2Fi%2Fshare-button.gif&localConfig=%3Cconfig%3E%3Cdisplay%20showEmail%3D%22true%22%20showBookmarks%3D%22true%22%20showPost%3D%22false%22%3E%3C%2Fdisplay%3E%3Cbody%3E%3Ccontrols%3E%3Csnbuttons%20iconsOnly%3D%22true%22%20%2F%3E%3C%2Fcontrols%3E%3C%2Fbody%3E%3C%2Fconfig%3E&amp;defaultBookmarkURL=http%3A%2F%2Fwww.regishomes.com%2Fgablesend-blog%2Fmountain-view-california%2Fgables-end-residents-and-community%2Flimited-time-4-375-fixed-rate-at-gables-end%2F&amp;emailBody=I%20just%20read%20%3Ca%20href%3D%22http%3A%2F%2Fwww.regishomes.com%2Fgablesend-blog%2Fmountain-view-california%2Fgables-end-residents-and-community%2Flimited-time-4-375-fixed-rate-at-gables-end%2F%22%3ELimited%20Time%204.375%25%20Fixed%20Rate%20at%20Gables%20End%21%2A%3C%2Fa%3E%20on%20Move%20into%20Gables%20End%2C%20Mountain%20View%2C%20California.%3Cbr%20%2F%3E%3Cbr%20%2F%3E%24userMsg%24&amp;partner=671981&amp;lang=en"></script>]]></content:encoded>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>April 30th Deadline for Federal Housing Tax Credit</title>
		<link>http://www.regishomes.com/gablesend-blog/mountain-view-california/gables-end-residents-and-community/april-30th-deadline-for-federal-housing-tax-credit/</link>
		<comments>http://www.regishomes.com/gablesend-blog/mountain-view-california/gables-end-residents-and-community/april-30th-deadline-for-federal-housing-tax-credit/#comments</comments>
		<pubDate>Thu, 18 Mar 2010 17:11:31 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Incentives]]></category>
		<category><![CDATA[New Home Buyers]]></category>
		<category><![CDATA[Our Community]]></category>
		<category><![CDATA[Programs]]></category>
		<category><![CDATA[4 Bedroom Townhome]]></category>
		<category><![CDATA[Federal Housing Tax Credit]]></category>
		<category><![CDATA[First Time Buyer Tax Credit]]></category>
		<category><![CDATA[gables end]]></category>
		<category><![CDATA[gables end mountain view]]></category>
		<category><![CDATA[Gables End Mountain View Prices]]></category>
		<category><![CDATA[Gables End New Home Community]]></category>
		<category><![CDATA[Gables End New Homes]]></category>
		<category><![CDATA[Gables End on Facebook]]></category>
		<category><![CDATA[Gables End on Flickr]]></category>
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		<category><![CDATA[Housing Tax Credit]]></category>
		<category><![CDATA[mountain view]]></category>
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		<category><![CDATA[new construction in Mounatin View]]></category>
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		<category><![CDATA[New homes in Silicon Valley]]></category>
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		<category><![CDATA[real estate]]></category>
		<category><![CDATA[Regis Homes]]></category>
		<category><![CDATA[Silicon Valley Real Estate]]></category>
		<category><![CDATA[Tax Credit April 30]]></category>
		<category><![CDATA[Tax Credit Deadline]]></category>

		<guid isPermaLink="false">http://www.regishomes.com/gablesend-blog/?p=963</guid>
		<description><![CDATA[If you have considered purchasing a home, but are waiting for that &#8220;perfect time to buy&#8221; take note&#8230;
YOU MUST BE IN CONTRACT BY APRIL 30th!
The Buyer incentive tax credit may not be renewed for a third time.  According to industry leaders and lawmakers, the provision that puts up to $8,000 in first-time buyers&#8217; pockets and [...]]]></description>
			<content:encoded><![CDATA[<p>If you have considered purchasing a home, but are waiting for that &#8220;perfect time to buy&#8221; take note&#8230;<br />
YOU MUST BE IN CONTRACT BY APRIL 30th!</p>
<p>The Buyer incentive tax credit may not be renewed for a third time.  According to industry leaders and lawmakers, the provision that puts up to $8,000 in first-time buyers&#8217; pockets and up to $6,500 in move-up buyers&#8217; pockets will soon come to an end.</p>
<p><a href="http://www.latimes.com/business/la-fi-lew27-2009dec27,0,7521446.story" target="_blank">In this LA Times Article</a>, the end of the program is explained. Home buyers hoping to take advantage of a new or extended tax credit should not procrastinate: This third bite at the apple may be the last.</p>
<p>Legislative advocates of the $8,000 credit for first-time buyers and the $6,500 credit for move-up buyers made it clear during the debate on Capitol Hill that the benefits would not be renewed when they expire. This fact was confirmed by a lobbyist for the National Association of Realtors at the organization&#8217;s annual convention last month.</p>
<p>So what does that mean for potential buyers?  If buyers meet the income eligibility requirements, they have <em>until midnight April 30, 2010 to be in contract</em> and <em>must close escrow by midnight June 30th to qualify.</em></p>
<p>A Brief History of the Buyer Credit Programs -</p>
<p>The original buyer credit, part of the Housing and Economic Recovery Act of 2008, was not as effective as anticipated by legislators. There were relatively few takers, due to the fact that the credit took the form of a no-interest loan rather than a true credit, requiring the purchaser to &#8220;pay back&#8221; the credit.</p>
<p>In the American Recovery and Reinvestment Act of 2009, lawmakers made the incentive to purchase more appealing by increasing the credit to a maximum of $8,000 for new buyers who closed before December 1st. The only requirement imposed for the program to be a true credit for the buyer &#8211; the taxpayer must not move out of the property for a three-year period following the purchase.</p>
<p>This second attempt at stimulating sales and removing standing inventory was extremely successful, so much so that that the housing lobby implored Congress to help keep the momentum going. Lawmakers extended the deadline for first-timers and even added a &#8220;long-term resident&#8221; tax credit for repeat buyers who owned their current home for at least five consecutive years out of the last eight.</p>
<p>An excellent summary of the current program can be found <a href="http://www.federalhousingtaxcredit.com/glance.php" target="_blank">here</a>.</p>
<p>Alas, all good things must eventually come to an end, and so it seems that the significant tax credit for purchasing a home in today&#8217;s market will soon run its course.</p>
<p>So if you have been considering making a purchase at Gables End, now is the perfect time to buy in order to take advantage of this great opportunity! Model Homes are open 10-5, daily at 1925 Plymouth Street in Mountain View.  Want to take a tour in photos? Visit <a title="Gables End Mountain View Townhomes" href="http://www.flickr.com/photos/44788712@N06/" target="_blank">Gables End on Flickr</a>,  tour our new townhomes in photos or watch a slideshow. While you are there, have a look at our very popular 4 Bedroom plan &#8211; just released for sale!</p>
<p>Join our <a title="Gables End Mountain View" href="http://www.facebook.com/pages/Mountain-View-CA/Gables-End/130867929519?ref=search&amp;sid=722106558.2342872980..1" target="_blank">Gables End Fanpage</a> to get weekly updates about our new home community and our greater community in Mountain View.</p>
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		<title>Buyer Tax Credit To End &#8211; Don&#8217;t Miss Out!</title>
		<link>http://www.regishomes.com/gablesend-blog/new-home-buyers/buyer-tax-credit-to-end-dont-miss-out/</link>
		<comments>http://www.regishomes.com/gablesend-blog/new-home-buyers/buyer-tax-credit-to-end-dont-miss-out/#comments</comments>
		<pubDate>Thu, 31 Dec 2009 16:52:34 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Incentives]]></category>
		<category><![CDATA[New Home Buyers]]></category>
		<category><![CDATA[Programs]]></category>
		<category><![CDATA[Buyer Tax Credit]]></category>
		<category><![CDATA[gables end]]></category>
		<category><![CDATA[gables end mountain view]]></category>
		<category><![CDATA[Gables End New Homes]]></category>
		<category><![CDATA[Gables End Town Homes]]></category>
		<category><![CDATA[Gables End Townhomes]]></category>
		<category><![CDATA[Homebuyer Tax Credit]]></category>
		<category><![CDATA[mountain view]]></category>
		<category><![CDATA[mountain view real estate]]></category>
		<category><![CDATA[new home mountain view]]></category>
		<category><![CDATA[New Homes in Mountain View]]></category>

		<guid isPermaLink="false">http://www.regishomes.com/gablesend-blog/?p=497</guid>
		<description><![CDATA[If you have considered purchasing a home, but are waiting for that “perfect time to buy” take note… The Buyer incentive tax credit will not be renewed for a third time. According to industry leaders and lawmakers, the provision that puts up to $8,000 in buyers’ pockets will soon come to an end.
In a recent [...]]]></description>
			<content:encoded><![CDATA[<p>If you have considered purchasing a home, but are waiting for that “perfect time to buy” take note… The Buyer incentive tax credit will not be renewed for a third time. According to industry leaders and lawmakers, the provision that puts up to $8,000 in buyers’ pockets will soon come to an end.</p>
<p><a href="http://www.latimes.com/business/la-fi-lew27-2009dec27,0,7521446.story" target="_blank">In a recent Los Angeles Times article</a>, the end of the program was explained. Home buyers hoping to take advantage of a new or extended tax credit should not procrastinate: This third bite at the apple will be the last.</p>
<p>Legislative advocates of the $8,000 credit for first-time buyers and the $6,500 credit for move-up buyers made it clear during the debate on Capitol Hill that the benefits would not be renewed when they expire. This fact was confirmed by a lobbyist for the National Association of Realtors at the organization’s annual convention last month.</p>
<p>So what does that mean for potential buyers?  If buyers meet the income eligibility requirements, they have <em>until midnight April 30, 2010 to be in contract</em> and <em>must close escrow by midnight June 30th to qualify.</em></p>
<p>A Brief History of the Buyer Credit Programs -</p>
<p>The original buyer credit, part of the Housing and Economic Recovery Act of 2008, was not as effective as anticipated by legislators. There were relatively few takers, due to the fact that the credit took the form of a no-interest loan rather than a true credit, requiring the purchaser to “pay back” the credit.</p>
<p>In the American Recovery and Reinvestment Act of 2009, lawmakers made the incentive to purchase more appealing by increasing the credit to a maximum of $8,000 for new buyers who closed before December 1st. The only requirement imposed for the program to be a true credit for the buyer – the taxpayer must not move out of the property for a three-year period following the purchase.</p>
<p>This second attempt at stimulating sales and removing standing inventory was extremely successful, so much so that that the housing lobby implored Congress to help keep the momentum going. Lawmakers extended the deadline for first-timers and even added a “long-term resident” tax credit for repeat buyers who owned their current home for at least five consecutive years out of the last eight.</p>
<p>An excellent summary of the current program can be found <a href="http://www.federalhousingtaxcredit.com/glance.php" target="_blank">here</a>.</p>
<p>Alas, all good things must eventually come to an end, and so it seems that the significant tax credit for purchasing a home in today’s market will soon run its course.</p>
<p>So if you have been considering making a purchase at Gables End, now is the perfect time to buy in order to take advantage of this great opportunity!</p>
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