It is the age of the stimulus.
The government – in an effort to jump start the economy – has instituted a number of programs most of which have fallen short of the intended purpose. The foreclosure nightmare has created an unprecedented number of Fort Myers FL homes for sale at historically low prices and one of the most generous programs offered to the general public is the “First Time Home Buyer Program”. This program offers 8% of the purchase price of a home up to $100,000.00 or $8,000.00 in the way of an income tax credit to first time home buyers. This program is somewhat narrow in focus, and in many ways falls short of accomplishing its intended purpose, but if you fall within the designated criteria you cannot afford to let this pass you by. Essentially the government is stepping up and making your down payment through a dollar for dollar tax credit.
The bottom line is that Fort Myers FL homes are being purchased at bargain prices with minimal or no down payment. In order to assure that you qualify however it is recommended that contracts are submitted and accepted by the end of September so that banks can complete paperwork before the November 30th deadline.
This is an incredible opportunity for first time home buyers to begin building net worth and a bright future.