Instead of selling, why don't you think about doing a lease option? You could get some money up-front and have someone pay the mortgage payment and not triger a sale clause until the property is actualy closed.

Hi Ccatamayo,

I agree with Howard, the person best able to help you with this question would be a tax specialist. These rules are so new and often times confusing, And they kind of dropped it in the middle to come up with the New $8000 incentive, so your best bet is with a professional who deals with taxes all the time.

If you don't have a tax specialist, I would be happy to recommend someone to you who can answer your question. Just email me and I will give you his name and number.

Debbi Love
The Love Realty Group at Keller Williams
debbi@saltlakehomefinders.com
801-518-4977

Ccatamayo,

Have you sought the assistance of a Realtor to assist you with the sell of your home? If not, please feel free to give me a call, I have a network of very qualified realtors in your area and would be very happy to recommend one to you for the sale of your home.

Your Real Estate Professional

Howard Rose III, Army (Ret) Realtor
Keller Williams Realty
4400A St. Andrews Rd.
Columbia, SC 29210
803-800-4448/803-767-7219 http://www.homeswithhoward.com

Hello Ccatamayo,

I would advise you to speak with you tax specialist. There are some situations where the Tax Credit does not have to be repaid if a buyers sells their home within the initial 3 years of purchase.