Tagged : Tax Credit 
There are currently 2 blog entries matching this tag.
Tax Credit Extended!
Friday, July 16th, 2010 at 4:17pm. 303 Views, 0 Comments.
Originally Published November 2009 --
The big real estate news this month is the extension of the federal tax credit for first-time home buyers from November 30, 2009 to April 30, 2010. A first time home buyer is defined as a buyer who has not owned a principal residence during the three-year period prior to the purchase.
Now even more interesting for many of my sellers/buyers is a new tax credit that was added for repeat buyers. Buyers who already own a home and have lived in the home for five consecutive years are eligible for up to a $6,500 tax credit on their next home purchase. Whether you are interested in moving up or downsizing from your current home, you qualify as long as the new home will be your future primary residence.
Click to…
First Time Home Buyers – Cashing In!
Friday, July 16th, 2010 at 4:03pm. 318 Views, 0 Comments.
Originally Published September 2009 --
Tax Credit Deadline Approaching!
The clock is ticking and the rush is on for first time home buyers to cash in on the $8000 federal tax credit. They must close escrow by November 30, 2009. With escrows typically lasting a minimum of 30 days, the next few weeks are critical for anyone interested in squeaking in before the deadline!
Here are a few of our recent clients that took advantage of these credits to buy their very first home!
Mike Bone
“I wasn’t even thinking about house hunting until I heard about that $8,000 tax credit,” remarked first time home buyer Mike Bone. He had heard that Harold Penner was an agent with the connections and knowledge to get people into homes fast and thought he…