Buyers of Fayetteville NC homes will pleased to know that in addition to healthy appreciation and stability in our market they may be eligible for an $8000 tax rebate for homes purchased in 2008 or 2009. The credit applies to purchases that close after April 8, 2008, and before Dec. 1, 2009.
The purchased homes must be the taxpayer's principal residence. The rebate is fully refundable, meaning the credit will be paid out to eligible taxpayers, even if they owe no tax or the credit is more than the tax owed. Even better than the previously offered $7500 dollar rebate the new $8000 rebate isn't required to be paid back unless the home ceases to be the taxpayer's main residence within a three-year period following the purchase..
There are also no restrictions on what you can spend the money on. This new rebate in addition to the excellent health of the Fayetteville NC homes market, record low interest rates, and the abundance of distressed sales make now the best time ever to buy Fayetteville NC homes.
For more info on the tax reabate click here for the IRS webpage explaining the program
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