Hawaii Real Estate With No Tax Credit

The First Time Homebuyers Tax Credit is now history.  Only those buyers who put a home under contract before April 30, 2010 are eligible for the credit as long as they close by June 30, 2010.

Many people wondered that when the tax credit was gone would the Buyers would be gone too?  I am going to say NO!  I listed another piece of Hawaii real estate for sale the other day and I immediately had 4 showings.  It is too late for any of those 4 potential buyers to get the tax credit for this property on Oahu.

I think the Buyers will still be there as long as the interest rates remain low and the home prices stay where they are currently at.  If either one of those begin to rise, homes in Hawaii may start to be out of reach for Buyers once again.

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