- Image by studio-d via Flickr
I am very pleased that existing homeowners might be able to benefit from the current credit plan signed into Law this week.
There is a great article on this describing different scenarios for current homesowners – go to http://bit.ly/creditexplained. With low inventory in the Santa Clara County this might spur on the move-up buyers who have been frozen in their existing homes. In turn leaving 1st time buyer to aquire their newly vacate property. I have a number of clients who have had their family size increase while living often in their first home. These home are now undersized. The $6500 credit might be the answer to make the move to a larger home.