NO NEED TO WAIT UNTIL NEXT YEAR !!! YES! First time homebuyers can claim their $8000 credit this year IF they purchase before they file their 2008 tax return OR they amend their 2008 tax return after they purchased and filed to claim their $8000 credit !
In order to be eligible for the $8000, here are the rules:
•1) Can not have owned a home in the past 3 years;
•2) 10% of the purchase price or $8000: whichever is LESS is the credit;
•3) Principal residence only;
•4) Buyers must make less than $75,000 for singles or $150,000 for couples. (Higher-income buyers may receive a partial credit.)
•5) Can not sell the home for 3 years; else will need to reimburse the government;
•6) Must purchase between January 1, 2009 and November 30, 2009.
First time homebuyers: get off the bench and BUY! This is a once in a lifetime opportunity!
Ann Sabbagh
Vice-President
Seacoast Mortgage Corporation
508-243-1190
"When you choose me as your mortgage consultant, you also choose a financial planner who cares about your financial strength."
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