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Questions Answered About the $8,000. Homebuyer Tax Credit

By Debe Maxwell, CRS

Real Estate Agent with Savvy + Company (704) 491-3310 228209

June 05, 2009 02:44 AM

Questions Answered About the $8,000. Homebuyer Tax Credit
Rob Dietz, Ph.D. discusses the $8,000 first-time home buyer tax credit in this video interview provided by the National Association of Home Builders.

What does the $8,000 tax credit mean for you?

Uncle Sam

Buy a home and you may qualify for the $8,000 tax credit on your 2009 taxes
Even if you don't owe $8,000 in taxes, you may receive a refund check for the difference
You or your spouse can't have previously owned a home in the last 3 years
You cannot make more than $75,000 adjusted gross income, or if married, $150,000 adjusted gross income
The home that you purchase has to be your primary residence
If you sell the property within 3 years, you will have to repay the money back to the government. If not, the money is yours to keep with no strings attached.
Consult your tax advisor for more details.
Consult your local expert Realtor® when you're ready to start shopping for that new home!

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Bill Gassett

RE/MAX Executive Realty - Hopkinton, MA

Metrowest Massachusetts Real Estate

Hi Debe - I saw this video. He did a nice job with explaining all the details.

Jun 05, 2009 03:20 AM

Charles Stallions

Charles Stallions Real Estate Services - Pensacola, FL

850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.

That pretty much sums it up. Thanks for sharing to info, Debe. Hope yuo have a great week end and happy selling.

Jun 05, 2009 03:48 AM

Travis Duncan

Aloha Properties of the Carolinas - Charlotte, NC - Charlotte, NC

Great info Debe, think that I am going to reblog it!

Jun 05, 2009 03:52 AM

Craig Rutman

Helping people in transition - Cary, NC

Raleigh, Cary, Apex area Realtor

Excellent info and great easy to understand video.

Well done Debe!

This needs to be required reading / watching for anyone who is sitting on the fence and waiting to buy their first home.

Jun 05, 2009 05:50 AM

Don Rogers

Keller Williams Realty Chesterfield - O'Fallon, MO

Realtor, Broker, CDPE, GRI, OnullFallon MO & St Charles County MO homes

Debe, This is really good information and would make a good addition to my website. Thanks.

Jun 05, 2009 06:43 AM

Liz Loadholt

Liz Loadholt- AgentOwned Realty- Covering SC - Mount Pleasant, SC

Realtor--Broker-in-charge - Trainer--Relocation Director Covering SC

Debe --- this is great --- I'm going to re-blog as well ---thank you for sharing this.

Mama Liz's Signature

Jun 05, 2009 08:13 AM

Debe Maxwell, CRS

Savvy + Company (704) 491-3310 - Charlotte, NC

The RIGHT CHARLOTTE REALTOR!

Bill: I think he did as well! I read that only about 50% of the potential first time homebuyers even KNOW about this so, I thought I'd blog about it to spread the word. This is a fantastic offer and won't last much longer!

Charles: Well, thank you! Rob Dietz did it all for me! I seriously just want to get the word out there for all first time homebuyers to have the knowledge that this won't last forever!

Travis: Thanks so much for the re-blog! The more, the merrier, right?!

Craig: I am SO with you on that! EVERYONE needs to spread the news so that first timers can take advantage of this great offering--and NOW!

Don: Have at it--it's a free download from YouTube and the NHBA provided me the idea!

Mama Liz: Thank you for re-blogging--the more exposure this offer gets, hopefully some of these first time homebuyers will jump off the fence in the next couple of months--as long as they're moved in by Dec. 31!!

Jun 05, 2009 11:33 AM

Roland Woodworth

Blue Cord Realty - Clarksville, TN

Blue Cord Realty

Debe: Thanks for posting.. I just had a closing today where they are getting the $8,000 credit.

Jun 05, 2009 04:51 PM

Debe Maxwell, CRS

Savvy + Company (704) 491-3310 - Charlotte, NC

The RIGHT CHARLOTTE REALTOR!

Roland: You're welcome! How wonderful to be able to see this stimulus in real-life-action! Kudos to your clients and congratulations on your Closing!

Have a great weekend...

Jun 05, 2009 05:08 PM

Karen Anne Stone

New Home Hunters of Fort Worth and Tarrant County - Fort Worth, TX

Fort Worth Real Estate

Debe: Thanks so much for the video. This is the best explanation of the Tax Credit program that I have seen. Thanks for sharing...

Jun 05, 2009 05:50 PM

Debe Maxwell, CRS

Savvy + Company (704) 491-3310 - Charlotte, NC

The RIGHT CHARLOTTE REALTOR!

Thanks Karen! I wish I had produced it myself--you're right, it is a great presentation!

Have a great weekend...

Jun 05, 2009 05:59 PM

Dona Reynolds

Berkshire Hathaway Home Services Stein Summers - Saint Joseph, MO

St. Joseph MO

Hi Debe! The video is one of the best I have seen to explain the tax credit, there is so many buyers that do not even know about the $8000 tax credit and hopefully we will reach them. It is a once in a lifetime opportunity for buyers. I have re-blogged this and hopefully we will reach many more that do not know about the tax credit. Thanks for posting.

Jun 06, 2009 04:00 PM