Spring 2010 is here! Why not plan for a new home and get a Tax Credit?

The $8,000 first-time home buyers' tax credit will end soon and most likely not be extended. The credit will apply to all real estate contracts entered into before April 30, 2010 and closed by June 30, 2010.

It also creates a NEW $6,500 credit for existing property owners looking to sell their home and buy another during the same period of time. Must have used the home sold or being sold as a principal residence consecutively for 5 of the previous 8 years.

The new rule also raises the qualifying income limits to $125,000 for single taxpayers and $225,000 for joint taxpayers, from the current $75,000 and $150,000. The maximum allowed home purchase price is $800,000.

Military personnel, deployed overseas for a minimum of 90 days in 2008 or 2009, would have until April 30, 2011 to claim the tax credit.

Although interest rates are at historically low levels, they are forecasted to steadily increase over the next year. So now is the time to snag a hot deal. Call us today for all your real estate needs.

We offer home sellers an incredibly competitive listing fee and we never charge home buyers for our services. We make real estate transactions easy for home buyers and sellers every day.

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The Realty Corner, LLC
704 333-1531
millard@TheRealtyCorner.com