Do you want $8,000?
Are you a First Time Home Buyer?
You must close on your new home by December 1, 2009!
The American Recovery and Reinvestment Act of 2009 authorizes a tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009. The tax credit is equal to 10% of the home's purchase price up to a maximum of $8,000.
A first-time home buyer is someone who has not owned a principal residence in the past three years.The income limit for single taxpayers is $75,000; the limit for married taxpayers is $150,000 filing a joint return.
This tax credit does not have to be repaid provided you own the home for three years.
So, if you are a first time home buyer contact a Coldwell Banker Prime Properties professional real estate agent today.