Tax Credits
This is a unique time in real estate. Perhaps never have we seen a market with a combination of low interest rates and a buyer’s market. That in itself is unprecidented. So, the fact that the federal government is offering tax credits to buyers makes it all the more unusual.
Home buyers, both first-time buyers and those who’ve owned their primary residence for 5 consecutive years out of the past 8 years, are eligible for a tax credit if they purchase a home as their primary residence. The binding contract must be in place by April 30, 2010 and the sale must be completed by June 30, 2010.
Low prices, low interest rates, and tax credits make this an ideal time to invest in a home.
For more information, see www.federalhousingtaxcredit.com
Time is short! If you’d like to take advantage of these excellent market conditions to purchase a home, please contact us to help you find the perfect home.
