home buyers tax credit: First Time Homebuyers and the new TAX Credit - Explained - 03/04/09 05:22 AM
Believe it or not --- there is alot to be happy about in the real estate market.
First, real estate is local and in our area --- prices have adjusted and we are beginning to see signs of activity. Showings have increased over the same time last year. Second, interest rates are at an all time LOW. Buyer's that have good credit ( and I am working with a few ) are getting a terrific rate and they are getting loans. Next, first time home buyers can be happy about the newly crafted TAX CREDIT. With the help of our local … (2 comments)

home buyers tax credit: Understanding the Home Buyers TAX Credit - 11/13/08 01:38 AM
Recently changes have been made to tax laws based on the Economic Recovery Act of 2008. Because of this change --- first time homebuyers can take advantage of a large tax break. The tax credit is equal to 10% of the purchace of your home up to $ 7,500.
This credit is available for singles who make up to $ 75,000 and for married couples filing jointly the credit is available¬†for those earning up to¬†$ 150,000. Now this money is not yours to keep, per say...it does have a payback provision. This payback is similar to an interest FREE loan. If … (0 comments)

 
Pamela STETSON, I would love to help you buy or sell your home! (Berkshire Hathaway HomeServices Abbott Realtors)

Pamela STETSON

I would love to help you buy or sell your home!

Mahwah, NJ

More about me…

Berkshire Hathaway HomeServices Abbott Realtors

Address: 10 Sycamore Avenue, Ho-Ho-Kus, NJ, 07430

Mobile: 201-675-1618

Office: 201-447-6600

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