Beaufort Real Estate Areas

Contact Ballenger Realty

If you have any questions or need more detailed information, please feel free to contact us via phone at 843.379.1400 or fill out the form to let us know how we can help with your real estate needs.

Office Location 613 Carteret Street,
Beaufort, SC 29902
Phone: 843.379.1400
Fax: 843.379-1401

Tagged : first time home buyers

There are currently 1 blog entries matching this tag.

Breaking It Down: The $8000 Federal Tax Credit for First Time Beaufort SC Home Buyers

Friday, April 24th, 2009 at 4:11pm. 591 Views, 0 Comments.

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Today I want to post a video that breaks down some of the details of the Federal $8000 Tax Credit for New Home Buyers.  This housing credit is somewhat complicated because it applies to so many of us.  It may surprise you reading this, but  an amazing 40% of home purchases are made by first timers.  With the real estate market is such a slump, some estimates have first time buyers equaling up to 60% of closings.  A big reason that percentage is now so high is because of a couple factors.  Those factors are:  the Federal $8000 Home Buyer Credit, historically low interest rates, and many foreclosures being gobbled up.  

Even as a Beaufort SC Realtor, I sometimes have a tough time getting through all the legal jargon associated with some of these tax credits. …


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