What's real estate law? Real estate's a legal term that encompasses land along with improvements to the land.
Real estate law's the body of regulations and legal codes which apply to such matters under a particular jurisdiction and include things such as commercial and residential real property transactions. Real estate's often considered synonymous with real property and in contrast with personal property.
I’ve read an article on www.dailyadvance.com about selling houses. It’s about a home credit law that’s recently signed by president Obama.
In America, It’s a good time for people who like to buy their first house. That’s because the federal home buyer credit, which gives people who buy a first home a credit of $ 8,000, has been extended by legislation. This law is recently signed by president Obama. According to Diane Garder, a real estate agent, it’s now a good time for first home buyers to consider buying a house. From 22 August to 15 November 2009, 44,847 taxpayers in North California have already filed for a tax credit. In America, 1.4 million taxpayers have already signed in.
Now, there’s a second group that can use the tax credit. Long-time home owners can also receive a credit on the purchase of a new home that replaces their principal residence.
Secondly, there has been made another change. People, who make more money, can also apply to this credit because the income limit is increased.
What’s my own opinion about this? I think this is a rather good initiative. Since the crisis, it has become more difficult to sell houses. This initiative will make it easer to consider buying a house instead of renting a house so they can save a part of their money. I have to say that’s not a solution because renting is more expensive than buying. If you buy a house, your monthly payment will make sure that you become owner of your house on the long term. If you rent a house, it’s easy to say that you’re throwing your money away. In that case, that money has no result for you. It’s best to buy a house if you want to live in that house for a long time.
Source: http://www.dailyadvance.com/news/real-estate-industry-cheers-tax-credit-extension-957428.html
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I agree with Alieke, for us it is rather difficult to buy a house. The prices ar very high, but because of that credit, it makes it for us easier to buy a house. Indeed, renting a house is equal on throwing your money away.
BeantwoordenVerwijderenI also agree with Alieke and Lisa. Because of the crisis, it's hard to buy a house and because of this credit, we can stop renting and we can think about buying a house. Renting can be seen as throwing your money away, but it is a good alternative for people who can't buy a house.
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