Ar_home_b_search
 

Are you interested in buying a new home this year and have questions about the $8000 tax credit? You are not alone. Many people who are interested in buying a home this year are asking questions about the $8000 tax credit.

Details of the first time home buyer tax credit have been released.  This is probably the most positive piece of news in our industry in years!!!

Here are the highlights:

·         The Tax Credit is the lesser of 10% of the purchase price or $8000
·         The Tax Credit is “real money” that you get on your as part of your tax refund
·         This credit does not need to be repaid if you live in the home for 3 years
·         A First Time Home Buyer is defined as someone who has not owned a Primary
        Residence in the past 3 years
·         Once you marry a homeowner you automatically become a homeowner regardless
        of who is on the title and the loan
·         The credit begins to “phase out” for Singles with income between 75k and 95k and
        Married between 150k and 170k
·         If Mom and Dad (that own a home) Co-Sign for their child to help him qualify, the
        child can still take the Tax Credit.  Perfect for an FHA loan!
·         Buyers can take the credit on their 2008 Tax Return if they purchase prior to filing
        their 2008 Taxes.  If you have already filed, you are allowed to file an amended
        2008 return
·         This Tax Credit is a Tax Related issue and therefore you should consult a tax
        professional for advice.  A good website for info is
        www.federalhousingtaxcredit.com 
 
This post has been included in Arizona Real Estate News Maricopa County, AZ Real Estate News
Post is included in group: AZ Real Estate Blogging Network
Post is included in group: Gilbert Arizona Real Estate Connection
Post is included in group: Arizona Homes
Post is included in group: Local Expert
Post is included in group: Phoenix Arizona Real Estate

3 Comments on Home Buyer Tax Credit Released

MAR
06
2009
389,796 Points 17 Featured Posts Outside Blog

Candace, good summary of what the new "stimulus" will do for first time home buyers. ;-)

Pepper
11:48pm • #1
MAR
25
2009
130,177 Points 1 Featured Post

Candace,

Other than your blog, how else are you getting this info out to potential buyers?  A few agents I work with are searching for ideas...
6:27pm • #2
MAR
26
2009
142,288 Points 13 Featured Posts Outside Blog

Bill -

I have several blogs that get out to my readers as well generate buyer leads to me~ are you familiar with www.AzRealEstateBlogs.com, a monthly networking group?

Also, PhoenixArizonaRealEstateHomes.com and also www.ArizonaHomeCentral.com and many others I have launching shortly!
1:40pm • #3

What does the graphic say?

Leave a response…

(optional)
What does the graphic say?
 
Candi_hobby Rainmaker_large

Gilbert Arizona Real Estate - REALTOR® Candace Robinson Broker Associate

Gilbert, AZ

More about me…

HomeSmart

Address: 1745 S. Alma School Rd , Suite 115, Mesa, AZ , 85210

Office Phone: (602) 710-2393

Cell Phone: (480) 202-3558

Email Me

Candace Robinson  REALTOR®
HomeSmart Real Estate
1745 S. Alma School Rd. Ste 115
Mesa, Arizona 85210

   

Ask the Agent


Sharing My Place Page with You

QUICK LINKS
Thinking of Selling?
Relocating to Arizona
My Listings
Resources for Buyers
SEARCH ENTIRE MLS
PhoenixHousingBlog.com

1a

2a

Representing Arizona
Buyers and Sellers Valley Wide

Get a positive, helpful partner for buying or selling a home:
* Trusted resource for answers about the process
* Innovative marketing strategies
* Expertise about neighborhood features
* Ability to target home searches
* Strong negotiation skills
* Support through the closing and beyond

   

Ask the Agent




Listings

Links

Archives

RSS 2.0 Feed for this blog

Find AZ real estate agents and Gilbert real estate on ActiveRain.