A quick update on the market. If you’ve been waiting to find the bottom of the market before you buy, well, we might just be there. For three months in a row now, according to the April results in the Denver MLS, prices have not declined. That’s right. So far this year we have not seen any price declines. In fact prices are up anywhere from ½ to 1% depending on the type of property and the area of town.

We are also finding less foreclosure properties on the market. Then add that with the fact that interest rates are still below 5%. This is creating more demand and less supply. Therefore prices are stabilizing. In fact over the past 60 days, I’ve been involved in several multiple offer situations.

I really think that if you’ve been waiting, it’s probably time to get out there and start looking for a home. You can do that 24 hours a day 7days a week for free at www.easydenverhomesearch.com . There you can search by map, neighborhood, address and by city,. You can also save your searches and even sign up for an automatic email alert system to get all of the new listings very day. So check it out today, and start looking for a house. Then let me know if you’re ready to go out and see any of them. I’ll be happy to take you.

So today’s topic – The $8,000 First Time Home Buyer Tax Credit. There are a couple of criteria that you need to know to qualify for this program. I can help you with all of the details. It’s really too much for this update but here are the highlights:

1. You can get a tax credit for a home purchased in 2009 if you’re a first time buyer for up to $8,000. You get a credit for 10% of the purchase price up to $8,000. So all you have to do is buy an $80,000 house and you’ll qualify for the full amount of the credit. In Denver, the average home price is $233,000. So it’s really easy to qualify on that guideline.
2. There are also some income guidelines. For a single person you have to make $75,000 or less and for a couple it’s $150,000 or less. Again, another criteria that’s very easy to qualify for.

If you have any further questions just call or email me I’ll send you a full report on all of the details about how this works. You should also consult your tax accountant or CPA.

If you’d like more information or if you’d like to start searching for homes you can call me directly at 303-526-2606 or just send me an email to sam (at) homesam.com. You can also start searching for homes and sign up for the email alert system at the easydenverhomesearch.com website.You can also make a note there for me to send you information about the home buyer tax credit.