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homebuyers: $8,000 First-Time Homebuyer Tax Credit- Refundable! - 03/16/10 01:36 PM
This is a dollar-for-dollar tax reduction offered only to first-time homebuyers.
Credit amount is 10 percent of the value of the home, not to exceed a maximum of $8,000 (no credit is available for homes with a purchase price of more than $800,000).
This tax credit is offered to the first-time purchaser of a sinyngle-family home (including condos) that is to be used as a primary residence (purchases from close relatives are exempt).
Purchasers who utilize the NMMFA Bond Program are also eligible to recieve this credit.
The income limit for this credit is $125,000 for an individual or head-of-household (Form … (0 comments)
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homebuyers: Tax Credits: Not Just for First Time Buyers! - 11/19/09 01:49 PM
New Federal law provides up to $6500 in federal tax credits for qualified move-up and repeat home buyers purchasing a new principal residence.
To qualify for this tax credit, buyers must purchase a new home by April 30, 2010 (or have the home under binding sales contract by that date, with a closing no later than June 30, 2010.) To qualify, a buyer must have owned and resided in a home for at least 5 consecutive years of the eight years prior to the purchase date.
And this tax credit is "refundable," which means that the credit can be claimed … (0 comments)
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homebuyers: Uncle Sam wants to give you $8000! - 03/29/09 01:57 PM
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homebuyers: Albuquerque is Number 1! Forbes rates it the best bet for real estate investment! - 09/03/08 07:00 PM
I've been saying all year that we are SO lucky here in Albuquerque, NM, because our housing market has remained much stronger than the market in most of the rest of the country. Our home prices have remained pretty stable, and our foreclosure rate is much lower than in most other areas.
And it seems I'm not the only one noticing! Forbes magazine just published an article rating Albuquerque as the #1 Place Where Home Prices Are Likely to Rise!
Yep, they considered the entire country, and found Albuquerque the best bet for real estate investment!
Homebuyers and investors, … (4 comments)
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Laura Warden
Albuquerque,
NM
More about me…
Choices Real Estate
Office Phone: (505) 263-0665
Cell Phone: (505) 239-4796
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Greater Albuquerque neighborhood, community, and real estate tips, updates, and info
provided by Laura Warden, Albuquerque real estate and horse property specialist.
My husband, Brian, and I provide four detailed websites to serve your specific needs:
This blog and our websites all provide current tips, updates, community news and information relevant to buyers and sellers of real estate in Albuquerque and surrounding areas, plus news and resources for New Mexico horse owners.
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