Sunday, January 24, 2010
Calling all first time home buyers and home owners who have been in that same place for 5 years now but wants to move! You might not be aware of the 2010 homebuyer tax credit that has been the buzz in the real estate.
Up to $8000 tax credit can be received by those that are planning to start family life or those that have not owned a property of their own for the past 3 years and $6500 for those that have stayed 5 out of 8 years continuously are the eye-widening offers this First Time Home Buyer Tax Credit gives all that are qualified and can have a binding contract by the 30th of April, 2010.
Some of the other qualifications include income limits of $125,000 for those on single status and $225,000 for married; should be purchased personally and not by dependents; that the purchased home is not greater than $800,000.
President Barack Obama is making all these possible when he signed into law what have been extended and submitted by the congress; bless the man. And this not only personally will benefit home owners, but even the whole country. Imagine that “every home sold, it creates one job over the next 12-month period” as was said by Gim Gillespie, President and CEO of Coldwellbanker.