Winter is a time to plan for the new year. Why not plan for a new home in 2010 and get a Tax Credit? Congress has extended the $8,000 first-time home buyers' tax credit. The credit will apply to all house 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.
Thinking About Buying New Construction?
Don't Do Anthing Until You Read This Report. (click report)
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Floorplans and Virtual Tours
of Model Homes
See Floor Plans and Exciting Virtual Tours of Model Homes from some of the Best Builders In the Area. My list is designed to save you time and money. You will be able to see more homes in 20 minutes than you would by driving around in 2 weeks.
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704 333-1531
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