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The top $7500 reason to buy a home in 2009

In case you missed it and it is not hard to do considering how our government doles out information. In August our higher up's better know as Congress passed legislation creating a $7500 tax rebate for first time home buyers when you purchase a home before June 30th 2009. Her are some things to know about the $7500 tax credit

You can claim the $7500 on your 2008 taxes if you purchase before April 15th 2009
You can file an extension to you 2008 taxes and close before June 30th
If you have not owned a home in the last 2 years you are considered a first time buyer

Coupled with super low interest rates and an incredible inventory of homes you actual have more than $7500 great reasons to buy a home in 2009.

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Posted by Overland Park Homes for sale and Real Estate :: Michael Russell on 12/18/2008 01:25 PM

Comments (5)

$7,500 Tax Credit in the Home Buying Channel

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Originally posted at: Overland Park KS Homes for sale & Johnson County Real Estate Blog: The top $7500 reason to buy a home in 2009

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5 Comments on The top $7500 reason to buy a home in 2009

DEC

Michael- The Tax Credit is a great incentive for buyers. Also valuable right now are the current interest rates; interest rates sure make it more appealing for home buyers and should motivate them. In the article Time to Get Off the Fence and Into a Home, the same message comes in an atricle from NYTimes.com offered by Your Money. Another source with this message was from Smart Money, Time to refinance -- or buy a home?

Good job getting this message out. Happy Holidays!

Trey,

Thanks for dropping a line. I don't want buyers to say I didn't know.

DEC

This message can't seem to be given enough. It's also refundable if people don't have enough income to have it be a simple credit. But, it is also a loan and will be recaptured over 15 years -- but interest free.