Special offer

Stimulus Plans what it means to Alaskan residents

By
Real Estate Agent with Alaskan Homes & Properties Realty

Well the stimulus plan is in and it's better than the one before. here are some tips to the First Time home buyers out there.

1. A first time home buyer is someone who has not bought or sold a home in at least three years but, that includes your spouse if your married.

2. If you qualify you get an $8,000 tax credit, or 10% of the purchase price which ever is lower. That's money in your pocket, you don't have to repay this if you follow the rules below.

3. You have to buy that home between January1, 2009 and November 30, 2009. ot all taxpayers are elligible and you have to live in the house and not sell for at least 3 years.

4. The tax credit phases out after an individual makes $75,000 or more or $150,000 for a couple for the year.

So What does that mean for Alaskan Residents? more ways to buy a home. We already have some of the finest loan programs in the US and we are not having as much of a problem with our housing market as some other states. Now we have even more reasons to buy a home in Alaska.

Comments (0)