Madison, WI (PressExposure) April 24, 2009 -- Homeowners and buyers in Wisconsin will benefit greatly from a new federal income tax credit of up to $8,000 for the purchase of a home for a principal residence. In an effort to further publicize the opportunities available, the Wisconsin REALTORSÂ® Association (WRA) is undertaking a new radio and Web-based public awareness campaign.
âWe simply want to get the word out and invite people to contact their REALTORÂ® to find out more. They have nothing to lose and potentially everything to gain,â says William Malkasian, president of the WRA.
The REALTORÂ® campaign is intended to educate the public on the new tax program, which gives first-time homebuyers, as well as anyone who hasnât owned a home in the past three years, an income tax credit of up to $8,000 for the purchase of a home for a principal residence.
The law is retroactive to January 1, 2009 and expires December 1, 2009.
Tax benefits of this new program - including historically low interest rates, healthy inventories of homes on the market, and affordable prices - suggest there is not a better time to buy a home in Wisconsin.
âAnyone even thinking about buying a home should consult their REALTORÂ® immediately to find out more about this new program,â adds Mike Mulleady, Chairman of the Board of the WRA. âThis is real stimulus for real people, but they have to move fast to capitalize on it.â
For more details about the tax credit, visit a new consumer-based Web site developed by the REALTORSÂ® at http://www.wisconsinhomebuyer.org.
The Wisconsin REALTORSÂ® Association is one of the largest trade associations in the state, representing over 14,000 real estate brokers, sales people and affiliates statewide.