Attention Homebuyers!!! Homebuyer Tax Credit Extended Who Qualifies?
Tax credits are available to qualifying buyers who sign a contract by April 30, 2010, and who close by June 30, 2010.
You're considered a first-time buyer if you have not owned a home for at least three years before the date you settle on your new home. For first-time buyers, the credit is 10% of the purchase price of the home, up to $8,000. Therefore, if your house costs $80,000 or more, you may qualify for the maximum tax credit. The credit does not have to be repaid, as long as you live in your house for at least three years. Homebuyer Tax Credit Expanded Who Qualifies? Existing homeowners may also be eligible for a credit now, too, up to $6,500. Your new home purchase can be for a larger or smaller home. It is OK to downsize! Credit available on homes costing up to $800,000. Call today to see how you can take advantage of this great opportunity! |