Real Estate Groups are lobbying for more up-front money  for first-time buyers.

The Plain Dealer reported Wednesday May 13 that numbers released on Tuesday say the federal tax credit for first-time home buyers had little impact on first quarter housing statistics.  "But economists and real estate agents expect the credit, announced in February, to boost sales during the second quarter and much of the year.

The government is also trying to get the money in the hands of buyers earlier.  Buyers who have not owned a house for three years generally claim the credit after they close on the purchase of the house.  Groups are now trying to get them the money up-front.  This money can then be used to help buyers with their down payments. 

If you are a first time home buyer, would getting the money up-front cause you to act faster or buy sooner?

All the stimulus for first home buyers is great.  But has anyone thought about educating  first time home buyers about the process of buying a home and about what it means to own a home?

If you are a first time home buyer and would like to take advantage of the tax credit but don't know where to begin, we can help.  The Weiner Real Estate Group specializes in First Time Home Buyers.  Just call 216-410-8221 or email Info@NoPlaceLikeCleveland.com.

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