Little Rock, AR., - Many first-time homebuyers have already taken advantage of the $8,000 tax credit that began stimulating the struggling housing market in 2009. For those first-time buyers who waited and for current homeowners looking to buy in this challenging market, there is new hope in 2010 with the extension and expansion of the tax credit.

 

"As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress passed new legislation that will extend the $8,000 first-time homebuyer tax credit until April 30, 2010," said Crye-Leike Executive Broker Allison Harper. "The new legislation also expands the credit granting up to $6,500 to current home owners purchasing a new or existing home between November 7th, 2009 and April 30th, 2010."

 

In order to help potential buyers learn how they can take advantage of the tax credits, Crye-Leike, REALTORS Little Rock Baseline Road branch office is hosting a free homebuyers' seminar to educate buyers on how the tax credits will work for them.

 

"With the tax credits that are being offered to those who qualify, this is the perfect time to educate the public on how their lives and their biggest assets can be impacted by the legislation that is now in effect to benefit them and our economy." said Harper. "Our office is hosting this seminar to explain the process of buying a home from start to finish and we will discuss all the important details including contracts, negotiating, inspections, financing and insurance."

 

The buyers' seminar will explain both the $8,000 first-time homebuyer tax credit and the new $6,500 tax credit for current homeowners purchasing a new or existing home. Topics that will be discussed include: who qualifies for the tax credits, how each credit works and all the rules that apply, the deadline for the tax credits, how to apply for the credits and also how to get pre-approved for a home loan.

 

"We would like to extend an invitation to anyone who is even considering buying a home right now," said Harper. "With the tax credits available, with interest rates still at a historical low and with a good selection of homes on the market to choose from, now is a great time for anyone to purchase a home. At the seminar we will talk with the public about all of the steps, all of the people who are involved, and what to expect on their journey in purchasing a home and we'll illustrate to them how their dreams of homeownership can become a reality."

 

Crye-Leike's Little Rock Baseline Road office will also conduct a free sellers seminar later that day. The purpose of this seminar is to educate anyone selling a home on what things they can do to sell their home faster at a top dollar sales price. The Realtors will educate sellers on topics including home staging, financing, home inspections, energy audits and the home appraisal process.

 

"The process of buying or selling a home can be extremely stressful and Education is the key to the successful purchase or sale of your home," said Harper. "Without the knowledge and help from real estate professionals, many buyers and sellers flounder making costly mistakes and bad decisions due to their lack of information."

 

Harper adds, "As a real estate professional, I take great pride in the ability to educate others about the real estate market and how they are affected by it in their daily lives. We encourage the public to come ask questions and learn about the great opportunities available in this current housing market and discover their best options for this challenging market."

 

More About Crye-Leike's Homebuyers/Sellers Seminars

 

Crye-Leike, Realtors in the company's Little Rock / Baseline Road office will host a Free Homebuyers' Seminar answering buyers questions on the homebuyer tax credits currently available on Saturday, March 6 from 10:00am to 12:00pm.

 

The second part of the day, the Realtors will be conducting a free seminar for anyone selling or considering selling their home in this challenging market. The home sellers seminar will be from 2pm to 4pm.

 

The Realtors invite the public to come and get all the answers from the local experts. In addition to the agents from Crye-Leike's Baseline Road office, guest speakers, real estate loan specialists and other professionals will be at the seminar answering all of buyers and sellers questions on home financing and more.

 

Both seminars will be held at the North Little Rock Chamber of Commerce at 100 Main Street in North Little Rock AR.

 

For more information on the seminars and to register call 501-975-2228.

 

About Crye-Leike, REALTORS

Harold Crye and Dick Leike established Crye-Leike, REALTORS in 1977. Today, Crye-Leike?, the nations 6th largest real estate company, has a network of more than 3,600 licensed sales associates based out of 130 corporate and franchise offices located through-out the nine-state southern region of Tennessee, Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, North Carolina and Oklahoma.

 

Crye-Leike is a full-service real estate company offering buyers and sellers services in: residential and commercial sales, mortgage, title, insurance, business brokerage and investments, property management, development and construction, builder resources, REO bank-owned properties, relocation, auctions, and home services. In 2009, Crye-Leike attained a sales volume in excess of $3.9 billion with 24,983 homes sold.