Tax Credits
*This information may no longer apply - always check with your lender to verify what tax credit, if any, are available at this time.
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First-Time Buyers:
You have probably heard that the President recently signed legislation to extend the first-time homebuyer tax credit. I’m very excited about this news, as it gives buyers like you more time to take advantage of this incredible opportunity. To claim the $8,000 first-time buyer tax credit, you must sign a contract on a home by April 30, 2010, and close by June 30, 2010. While that seems like a long time from now, there will be many active buyers, including repeat buyers, who will be in the marketplace looking to take advantage of the new credits. Interest rates remain historically low, and there is a great selection of homes available, priced to sell. The new tax credit has also increased the income cap to $125,000 for single filers and $225,000 for joint filers, so it opens the door for more buyers to participate. There’s never been a better time to move forward toward your goal of home ownership. It would be my pleasure to serve as your trusted advisor and help you reach that goal. Please let me know how I may be of assistance. Best Regards, Zane Gerringer  |
Repeat Buyers:
Homeowners who have lived in their current home for five consecutive years of the past eight may take advantage of a $6,500 tax credit on the purchase of a new home. Now you have another great reason to move to a new neighborhood, add that extra bedroom or enjoy a deck or bonus room. To claim the $6,500 repeat buyer tax credit, you must sign a contract on a home by April 30, 2010, and close by June 30, 2010. While that seems like a long time from now, there will be many active buyers in the marketplace looking to take advantage of the new credits. Interest rates remain historically low, and there is a great selection of homes available, priced to sell. The new tax credit has also increased the income cap to $125,000 for single filers and $225,000 for joint filers, so it opens the door for more buyers to participate. And you can select the right home for you, up to $800,000. There’s never been a better time to move forward toward your goal of a new home. It would be my pleasure to serve as your trusted advisor and help you reach that goal. Please let me know how I may be of assistance. Best Regards, Zane Gerringer zanegerringer
REALTOR, GRI, BIC Direct: 336.675.5597 |
