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Eric R. Nahm
- 5 Answers
- 2 Listings
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As an expert buyers' agent, I have demonstrated expertise with First-Time buyers, Move-Up buyers, Downsizing buyers, Relocating buyers & investors.
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Certifications
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& Awards:
Broker-Salesperson
NJAR Circle of Excellence Gold & Silver levels ... show more
NJAR Circle of Excellence Gold & Silver levels ... show more
Interests:
Classic & Antique Cars
NJ shore homes ... show more
NJ shore homes ... show more
About:
I have lived in Basking Ridge for over 25 years, during which time I have bought & renovated a home, purchased a large farm and constructed a new home,
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Eric R. Nahm answered:
Here's a summary:
Homes that qualify for the Extended Home Buyer Tax Credit include townhouses, condos, co-ops and single-family residences, either new or existing properties. No home over the price of $800,000 can qualify. The tax credit will be allowed on purchases up to the April 30, 2010 deadline as long as there is a written contract to purchase the home and the closing occurs by July 1, 2010. The buyer must live in the home for at least three years. If the home is sold before the three year time period, the tax credit must be paid back in full.
Read more: http://first-time-home-buyers.suite101.com/article.cfm/new_e…
The strategy should be to put your home on in Jan. and plan to close after March and before June 30th on both. It's a tight timeframe so pricing is crucial on your sale. I think there are many homes in Basking Ridge, The Hills, that sound like what you describe. Best of luck!
Homes that qualify for the Extended Home Buyer Tax Credit include townhouses, condos, co-ops and single-family residences, either new or existing properties. No home over the price of $800,000 can qualify. The tax credit will be allowed on purchases up to the April 30, 2010 deadline as long as there is a written contract to purchase the home and the closing occurs by July 1, 2010. The buyer must live in the home for at least three years. If the home is sold before the three year time period, the tax credit must be paid back in full.
Read more: http://first-time-home-buyers.suite101.com/article.cfm/new_e…
The strategy should be to put your home on in Jan. and plan to close after March and before June 30th on both. It's a tight timeframe so pricing is crucial on your sale. I think there are many homes in Basking Ridge, The Hills, that sound like what you describe. Best of luck!
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