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First-time Home Buyer & Existing Home Buyer
Federal Tax Credit
HURRY!!! Just 4 months left to be in escrow and take advantage of the credit!!
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Work at no cost to you! |
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Provide detailed and current listing information not available to the general public. |
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Negotiate the deal to save you money. |
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Guide you through the avalanche of paperwork and State and Federal programs and tax credits. |
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Commit my time and energy to finding you the right home. | | |
The Federal government has extended and expanded the up to a $8,000 federal tax credit for first time home buyers that purchase a home between January 1, 2009 and now June 30, 2010 (must be under contract no later than April 30, 2010). The credit is equal to 10% of the purchase price, not to exceed a total credit of $8,000. Under the program, the buyers must:
- Be first time home buyer(s): meaning that you, and your spouse if you are married, must not have owned a home in the last three years.
- Meet income limits: Under the new increased income limits, the credit is available in full for single filers with income up to $125K for joint filers with income up to $225K.
For more info click ont he link First Time Home Buyer Tax Credit
This program has now been expanded to now include a "move up/existing" homeowner tax credit. The homeowner must have lived in their home 5 of the last 8 years and the credits is reduced for single filers that make over $125K and married filers who make more than $225K. For more info click on the link: Existing Home Owner / Move Up Buyer Tax Credit | 