Thanks to the recently passed Economic Recovery Act - another great reason to buy a home in 2009 has been created. Of course, low interest rates and outrageouge bargains on bank owned properties are two of the top reasons to buy in 2009. But the First Time Buyers Tax Credit will seal the deal for many buyers.
Who qualifies:
Buyers who have not owned their primary residence in the 3 years prior to the purchase.
Buyers wih maximun adjusted income of $150,000/couple or $75,000/individual.
Buyers who buy between 1/1/2009 and 12/31/2009
What you get:
A tax credit of up to $8000 or 10% of property value.
Payback?:
Nope- you do not have to pay this one back as long as you own the property for at least 3 years.
Are you convinced that now is the right time to buy that dream home? Give us a call and we can discuss the best plan for you and your dreams.
For more information on the First Time Buyer's Tax Credit, please consult your CPA.
Who qualifies:
Buyers who have not owned their primary residence in the 3 years prior to the purchase.
Buyers wih maximun adjusted income of $150,000/couple or $75,000/individual.
Buyers who buy between 1/1/2009 and 12/31/2009
What you get:
A tax credit of up to $8000 or 10% of property value.
Payback?:
Nope- you do not have to pay this one back as long as you own the property for at least 3 years.
Are you convinced that now is the right time to buy that dream home? Give us a call and we can discuss the best plan for you and your dreams.
For more information on the First Time Buyer's Tax Credit, please consult your CPA.
Rosendal-Smith_Pardo International Realty, LLC
954-632-5514
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