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Follow on Google News | With the $8000 Housing Tax Credit Deadline Looming, Austin Real Estate Agent Kenn Renner UrgesTop Austin real estate broker and author, Kenn Renner, with Buy Austin (BuyAustin.com) and DR Horton, Austin’s largest home builder, has reported they can only accept contracts for individuals who qualify for the first time home buyer housing tax.
By: Kenn Renner Last February, President Barack Obama signed the American Recovery and Reinvestment Act of 2009 in order to help kick start the sluggish US housing market. One of the key components of the Act was the creation of the $8000 first time home buyer housing tax credit. "The $8000 housing tax credit is essentially a free gift from the federal government," The first time home buyer housing tax credit has been received favorably by many consumers, real estate professionals, and home builders across the US. "The first time home buyer housing tax credit has been successful because there is always a positive economic ripple effect each time a home is purchased," says Renner. In addition, "its success has been fueled by "pent up demand, low interest rates and lower home prices," Renner continues. The National Association of Realtors recently reported that 53% of today’s homebuyers are first timers due in part to the $8000 housing tax credit. "Homebuyers just need to realize that the tax gift is going away and that now is the time to take action," Renner urges. Renner warns home buyers who wish to take advantage of the $8000 housing tax credit to focus primarily on available housing inventory. Renner adds, "although there are great deals for buyers in the short sale market, foreclosures and with bank owned REO companies, they unfortunately cannot process the contracts quick enough to meet the deadline. Therefore, buyers should focus on builder inventory or resale homes that are owner occupied in order to close before the impending deadline." Press Release edited by http://www.BestOnlineResults.com About Kenn Renner: Kenn has helped over 250 DR Horton Homebuyers into their homes over the past 15 years. Kenn can sell inventory in any of the DR Horton subdivisions and is offering additional incentives to those that are seeking homes right now. He can also help with resale homes including short sales, foreclosures and bank owned properties. Kenn gained national exposure from his numerous appearances on HGTV's #1 rated show "House Hunters" and as a guest expert on business talk radio. He is a broker associate with Keller Williams Realty. He has sold and financed over $200 Million in real estate since 1983. His new book “First Time Home Buying Secrets Revealed” (www.FirsttimeHomebuyingSecrets.com) Kenn's video advises first time homebuyers about the first time homebuyer credit deadline: www.youtube.com/ Contact: Kenn Renner, Broker/Speaker Keller Williams Realty, Lake Travis 1921 Lohmans Crossing Austin, TX (512) 423-5626 pressreleaser@ http://www.BuyAustin.com End
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