has been changed recently in your favor. If you are a first time
home buyer (meaning you have not owned a home in the last 3 yrs)
and you are within income limits (no more than $75,000 per year
earnings for one owner, $150,000 per couple) you can get 10% of
the purchase price up to $8,000 refunded to you whether or not you
were already eligible to get a refund. So, for example, if you get a
refund of $1,000 and you purchase a home for $100,000, you will
get an additional $8,000 check from the Feds this year. Check the
IRS website and/or your tax preparer for details.
And of course, remember that I would be happy to help you find your
new home. So, please feel free to call or email me at email@example.com
if you would like my help.
Best Wishes on your new home. Marita
sell your home before your credit is fully repaid, the rest is due. But the government will not take more
than you get on the sale of your home. For all the details, please read the article that Joe has kindly
provided the link to - see below. With rates and prices at all time lows, remember to look with a good
Realtor and then buy. The credit is only good until July 2009.
Have you decided on a Realtor to help you get your first home?
Having worked with many first time buyers, I am ready to listen.
Check me out at smallerindiana.com, facebook, etc. If you would
like to meet, just give me a call or text: 513-4652,
The other thing to remember is you don't have to start the payback of this "credit" for 2 years. That should help you get past all the up front costs of buying a home. Good luck with the purchase of your new home.
Have a great 2009!
MacDuff Realty Group