Tax Credit Makes Lake County IL Real Estate a Bargain!

In a little more than two months the tax credit of up to $8,000 for first time buyers and $6,500 for buyers who have owned a home before will be gone. When you put the tax credit together with an improving real estate market in parts of Lake County IL, you may be looking at a once in a life time opportunity.

The tax credits make just about any property a good buy, not just foreclosures and short sales. Right now if you are thinking about a foreclosure or short sale you may not have enough time to combine the two situations but some bank owned properties might work.

If you would like some more details on the tax credits you can find a wealth of information at Home Buyers Tax Credit a site by the National Association of Home Builders but it applies to existing homes as well as new homes. I’m not a tax adviser, so check with your tax professional for tax specific information.

Call me if you you want to find a property that will work with the tax credit.