Austin Real Estate Broker Kenn Renner Teams Up With DR Horton
To Warn About Expiring Federal Tax Credit
Released
on: October 6, 2009, 8:20 am
Author: BuyAustin.com
Industry: Real
Estate
Top
Austin real estate broker and author, Kenn Renner, with Buy Austin
(www.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 buying federal tax credit for a few more weeks.
Although a hard deadline has not been set by either organization,
first time homebuyers who do not take action now seriously risk
missing the November 30th cut-off set by the government.
Austin,
Texas, October 6, 2009 -- Top Austin real estate broker and author,
Kenn Renner, with Buy Austin www.BuyAustin.com and DR Horton,
Austin’s largest home builder reminds first time homebuyers
of the impending deadline for the $8000 Federal Tax Credit, which
is due to expire on Monday November 30th, 2009. Kenn urges first
time home buyers who want to make use of the $8000 tax credit,
"to purchase their home within the next few weeks in order
to meet the first time home buyer federal tax credit deadline."
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 federal tax credit.
"The $8000 federal tax credit is essentially a free gift
from the federal government," says Renner, www.BuyAustin.com
broker and a first time home buyer specialist.
The
first time home buyer federal tax credit has been received favorably
by many consumers, real estate professionals, and home builders
across the US. "The first time home buyer federal 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
federal 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 federal
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."
About
Kenn Renner:
Kenn
has helped over 250 DR Horton Homebuyers purchase 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)
will be published nationwide this Fall. Visit www.BuyAustin.Com
for more information.
Kenn’s video advises first time homebuyers about the first
time homebuyer credit deadline: www.youtube.com/watch?v=wUWPSI8qjAQ.
Press Release edited by http://www.BestOnlineResults.com
Contact
Details: Kenn Renner
Broker/Speaker
Keller Williams Realty, Lake Travis
1921 Lohmans Crossing
Austin, TX 78634
Phone: (512) 423-5626 (call or Text)
Website: http://www.BuyAustin.com
Email: pressreleaser@bestonlineresults.com
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