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$8000 IN MY POCKET??
Posted Under: Home Buying in Pennsylvania | April 3, 2009 1:38 PM | 64 views | No commentsThere are a lot of folks who will qualify for the tax credit that is included in the new "Stimulus Plan" that has been signed into law this spring. I am finding a lot of them are not aware of what this can mean for them. IS ONE OF THOSE SOMEBODIES YOU??
If you are a first time home buyer who chooses to purchase a home in the next 6 or 8 months you could be the recipient of a cash bonus of up to $8,000 from Uncle Sam. Now that is worth looking into, don't you think?
Who is a "first time homebuyer"?--According to the guidelines, that includes those individuals who have not owned residential real estate that they have lived in for the past 3 years.
How do I qualify? My first advice is to simply contact your favorite, local real estate agent and ask!. They will be glad to help you see if you qualify. (Hopefully they have been keeping up on their education and can tell you-- if not, find another real estate agent. There are plenty of good ones out there who are savvy.)
-Here are some tips:
Do you pay taxes? Good, you may qualify!
Do you rent (or live with someone else) at your current residence? You may qualify!
Have you and your spouse NOT been an owner of a piece of residential real estate anytime in the last 3 years?
Then check it out, and see if homeownerwhip makes sense for you right now! The deadline is Dec 1, 2009. Don't delay.
Mim Heisey -
What about the people who saved up for a down payment and didn't go in over their heads?? Is there any help out there for them?
Posted Under: Financing | February 18, 2009 1:09 PM | 31 views | No commentsAs we continue to hear all the news about bank bailouts and multi-million dollar bad debts, I sit, wondering where it wil all end. What about the conservative, self disciplined individuals who saved their pennies til they had a good down payment, and didn't buy a house they couldn't afford, but settled for a smaller, more modest abode? What are they getting for their patient, careful planning? (Except the 'opportunity ' to join the rest of us and our great-grand-children in paying for this bail-out.)
Will they get an $8,000.00 credit on next year's taxes? How about a mortgage buy down to current appraised value?
Ah-h-h-h well! I suppose good planning has it's own rewards, and at least they can sleep at night. and perhaps dream...
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