November 3, 2009 Mara Bushari

According to the Wall Street Journal, some key lawmakers in the Senate tentatively agreed to extend the $8,000 first-time home buyer tax credit and also offer a new $6,500 tax credit for existing homeowners who have lived in their current residence for a consecutive five-year period in the previous eight years. Buyers must have a home under contract by April 30th 2010, and close by July 1, 2010. Some representatives have expressed concern about the total cost of the tax credit for the government, and allegations of abuse have resulted in IRS probes.

This means that we will most likely see a surge in Boston real estate contracts in the early spring market of 2010, similar to the most recent uptick (due to the previous tax credit deadline).

Mara Bushari

Mara is a creative thinker and strategic marketer. She graduated Summa Cum Laude from Boston University’s College of Communication and worked in international finance before joining The Bushari Team. Mara strives to exceed expectations. As Client Relations Specialist, she is a key facilitator in all team transactions, making the buying or selling process as stress-free as possible for the client. Mara learned many of her extraordinary organizational and problem-solving skills during her service in the Israeli Defense Forces, where she earned the “President’s Award” for exceptional service. In the military, Mara solidified her abilities to achieve top results in high pressure and time sensitive situations. In her spare time, Mara enjoys skiing, photography and writing.

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