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HAVE YOU SEEN THE POSSIBLE $15,000 TAX CREDIT IN THE STIMULAS BILL?

By Joe Jackson

Real Estate Agent with Keller Williams Capital Partners Realty 277320

February 05, 2009 10:49 AM

It is for ALL buyers, not just first time buyers. It would be good for one year after the bill is signed.

I am not certain of any recapture provisions or if it has to be repaid

This could be HUGE to help sagging home sales!

What do you think?

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Johnathan Mullaney

Village Land Shoppe - Flagstaff, AZ

Broker, Flagstaff Real Estate

Joe,

If its the same as the last, or still that one (I think you had until april). The buyers repay the cost over time.

Feb 05, 2009 01:26 PM

Lora "Leah" Stern 914-772-4528

Coldwell Banker, 170 N Main Street, New City NY 10956 - New City, NY

Real Estate Salesperson

The last one was From april 9, 2008 to July of 2009 and was for $7500 as a tax credit which is given as a loan interest free and payable ove 15 years beginning 2 years after the credit. Only first time homebuyers (those who have not owned a home in the past 3 years)of their primary residence were eligible and there were income limitations. THe new credit would be to all homebuyers for the next year, though I don't know if there are any restrictions attached to that (other than it being your primary residence).

Feb 05, 2009 02:44 PM

Ellen Molla

Prestige Properties - Escondido, CA

WHERE HOME MATTERS

I like it. Hopefully it will pass. We need all the help we can get to get this market out of the dumps.

Feb 05, 2009 04:29 PM

Joe Jackson

Keller Williams Capital Partners Realty - Columbus, OH

Clintonville and Central Ohio Real Estate Expert

We will see what happens over the next few days

Feb 05, 2009 10:40 PM

HAVE YOU SEEN THE POSSIBLE $15,000 TAX CREDIT IN THE STIMULAS BILL?

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