Cherry Creek Real Estate Buyers Act Now To Claim Your Tax Credit
The federal tax credit for first-time Cherry Creek real estate homebuyers has been expanded. It now includes homeowners who have lived in their current home for at least five years and purchase a new home. Homeowners who buy a new home in Cherry Creek can claim a $6,500 tax credit. A tax credit is much better than a tax deduction because Cherry Creek real estate owners who buy a home will get the entire $6,500. First-time buyers will get $8,000 from the federal government.
Homeowners in Cherry Creek who want to take advantage of this great government program need to get their Cherry Creek real estate for sale as soon as possible and sell their house fast. They need to get their current home sold and get under contract to purchase their new home before April 30, 2010. There are income limits too. The income limit for single taxpayers is $125,000 and the limit is $225,000 for married taxpayers filing a joint return.
Cherry Creek real estate homeowners, who have lived in their current home at least five years, need to complete the following steps to claim their $6,500 tax credit:
• Get a home value estimate from a qualified Cherry Creek REALTOR® to see if it makes sense for them to sell their home at this time.
• List their current home for sale with a Cherry Creek REALTOR® who has a Cherry Creek real estate property marketing plan to get their home sold fast.
• Search Cherry Creek real estate listings to find their dream home and sign a purchase contract before April 30, 2010.
• Close on both properties by June 30, 2010.
• Move into their new dream home and collect their $6,500!
Cherry Creek first-time homebuyers need to complete the following steps to claim their $8,000 tax credit:
• Search Cherry Creek real estate listings to find their dream home and sign a purchase contract before April 30, 2010.
• Close on their new home by June 30, 2010.
• Move into their new dream home and collect their $8,000!
Cherry Creek in Denver, Colorado is a great community of older homes and new construction with lots of amenities. Shops, restaurants, and bars are within walking distance. Downtown is a short drive away. The Cherry Creek bike path is within walking, running, or biking distance for exercise.
David Lampe is a residential REALTOR® specializing in the Denver Metro area including Cherry Creek real estate. He has over ten years of Web marketing experience to put to work for buyers and sellers. He combines expert Internet skills with a passion for real estate to assist Cherry Creek real estate buyers and sellers with exceptional service.
Visit David's Web site for more Cherry Creek real estate information, or call him at 303.550.8563.
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