The American Recovery and Reinvestment Act of 2009

By
Real Estate Agent with Nothnagle REALTORS

What an outstanding opportunity to buy a home! Congress has enacted legislation by providing a tax credit of up to $8,000 for any first time home buyer (a first time homebuyer is considered any buyer who has not owned a principal residence during the three-year period prior to purchase).  The home purchase must occur on or after January 1, 2009 and before December 1, 2009. This tax credit does not have to be repaid!! The tax credit is equal to 10% of the homes purchase price up to a maximum of $8,000.  Wow! 

Comments (2)

TIM MONCRIEF
Tim Monciref - Austin, TX
Over 2,000 homes sold…..

Interesting that we are in one of the best buyer's markets without buyers...... Hmmmmm.

Feb 18, 2009 06:42 AM
Matt Listro
National Credit Fixers - Matt Listro - Vernon, CT
Your Credit Repair Expert

Is it until Dec. 1, 2009?  I had heard it was Nov. 30th 2009.  Not that it's much different.

 

:)

 

Matt Listro

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Feb 18, 2009 06:56 AM