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Thanks Penny for sharing this valuable homebuyer information. 

Via Stanton Homes - Penny Hull Raleigh NC Custom Home Builders (Stanton Homes - Triangle NC New Homes):

Raleigh Relocation Package

Home Buyer Tax Credits - Differences Between Programs

Explaining the 2008 Program Versus 2009 Program - How Do They Work?

Home Buyer Tax Credit - How Does it Work 2008 2009Walter Updegrave, Senior Publisher of Money Magazine, has written an excellent explanation and comparison of the two very different tax credits for first time homebuyers.

Did you buy a home between April 8, 2008 and December 31, 2008?  Walter explains how the 2008 homebuyer tax credit works, and what the difference is between buyers who purchased last year, and those who plan to buy a new home this year.

Bought a home after January 1st, 2009?  Walter talks about how you can use the Home Buyer Tax Credit on your 2008 returns - and possibly get a huge return this year instead of next year!  But be aware - this program has an unexpected expiration date.   

Read the full story here.

And remember - there is a loophole on the new tax credit.  Homebuyers will qualify for the $8,000 credit if they haven't owned a home for the past three years.

Julie E. Chapman, REALTOR®, Broker
Chapman Realty
Brunswick, Georgia 31520
912-280-0088 Office
912-270-6767 Cell
Web: http://www.juliechapman.com
eMail: chapmanrealty@yahoo.com

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2 Comments on Top Money Magazine Guru Explains the 2008-2009 Homebuyer Tax Credits (Better Than I Can)

MAR
11
2009
175,854 Points 14 Featured Posts Called Shot Master

Many folks over look the three year loophole and think the credit is for Very first time home buyers.

6:57pm • #1
512,992 Points 8 Featured Posts Localism Sponsor Outside Blog Hit Router

Cameron,

We have a buyer that has a sale scheduled to be 3 years after the date of the sale of their last home.....

9:49pm • #2

This blog does not allow anonymous comments

 
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Brunswick Georgia Living - Julie Chapman Real Estate Brunswick GA 912-270-6767

Brunswick, GA

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Chapman Realty Homes Brunswick Georgia

Address: 123 Benedict Road, Brunswick, GA , 31520

Office Phone: (912) 280-0088

Cell Phone: (912) 270-6767

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When dealing with an asset as valuable as real estate, Confidence is the key word. You need to feel sure that your agent not only knows how to get the results you want, but has the passion and enthusiasm to deliver. At Chapman Realty, we have a "can do" attitude. We're with you every step of the way. The staff of Chapman Realty is dedicated to earning your Confidence before, during, and after your sale or purchase in Brunswick and the Golden Isles (Saint Simons Island, Jekyll Island, Sea Island) of Georgia. If you are having trouble paying your mortgage and would like to speak to a Short Sale and Foreclosure Resource Specialist or a list of foreclosure homes or a newcomer's guide, please visit Chapman Realty's website at http://www.juliechapman.com, call Chapman Realty at 1-912-270-6767 or email Chapman Realty at chapmanrealty@yahoo.com. To learn more about Brunswick and the Golden Isles of Georgia, visit http://www.thegoldenislesblog.com and learn more about our lifestyle.


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