Sam Rader, our esteemed Broker/Owner of Coldwell Banker Select has just returned from Orlando Florida where he wrapped up his duties as regional vice president of the National Association of Realtors (NAR).
The NAR board of directors approved a proposed "4-Point Plan" to be sent to Congress ASAP.
The four points are:
1. Make the $7,500.00 first time home buyer tax credit available to ALL homebuyers and eliminate the repayment obligation.
2. Make the temporary increase in loan limits permanent.
3. Permanently ban banks from real estate brokerage.
4. Buy down homebuyer's interest rates to 4.5% or lower on 30 year fixed rate loans for the next 18-24 months.
This four point plan is designed to wake up Congress and ensure the $700 billion rescue plan reaches down to the average homebuyer and not just a bail out plan for banks, automakers and other industries coming to the table for their share.
Please contact your legislator and ask for his support for these proposals.
918-260-9932
KenSellsHomes
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