Thursday, February 25, 2010
There is great news for people that are Buying First Home. This tax credit is for the sum of $8,000.00 under certain conditions. I'll explain how to get this tax credit so get your pen and paper. You'll want to plan your shopping spree for all those great renaissance costumes when your return check comes in the mail.
Start out by watching the video above, if you haven't done that already. The video goes into detail about this great opportunity to receive a generous tax benefit. It is geared towards first time home buyers who have not purchased a home within the last three years. But the deal has grown a little sweeter than originally. This tax credit is also open to home buyers who want a change of scenery after living in the same home for five years. Take note that this is a little smaller than the credit offered to first time home owners in 2010. Movers will get a $6,500 which is still a fantastic incentive to buy a new home.
I think it's a fabulous way to stimulate a sluggish economy and encourage people to continue living for their dream life by finding the house to build a home. There are a few conditions that must be met to qualify for this tax credit so please pay special attention to the details. You have to attain a written binding contract by April 30th and there can be no extensions. The closing deadline is June 30, 2010 so people have a two month window from purchase to closure. Coldwell Banker provided this information so contact them for further details.
One more thing I feel needs to be mentioned. The income limits are $125,000 for singles and $225,000 for married couples. If you're in the market and you fit into those guidelines, now is the time to buy the home of your dreams and enjoy some extra cash in your pocket for a great summer vacation.
The Midnight Writer
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