Featured listing
Super ocean front property large approx 54 X 80 corner lot. 3 story building with 2 units down and Large 5 bedroom home on second flr. HUGE roof deck with glass railing, and roof house. Seller and agent are investigating permits. Building currently rented as shrt term vacation rental only. Did approx $120K last year. Sorry tradional rental financials are projected. Sale subject to Sellers I.R.C. 1031...
| | |
| Thursday, November 12, 2009 Extension of Home Buyer Tax Credits!by Jeffrey Cairncross on Thu, Nov, 12, 2009 01:21 PM As of November 6th, President Barak Obama has signed into law an extension and enhancement to the popular Homebuyer Tax Credit.
If you are a first time home buyer, that means you are eligible for an $8,000 tax credit on any home up to $800,000 in value!
The new legislation also included additional incentives. Current homeowners who are looking to move may be eligible for a $6,500 tax credit if they have used the home sold or being sold as a principal residence consecutively for 5 of the previous 8 years.
This extension is only lasting until April 30th. If you have a signed and binding contract by that date, then you can take up to July 1st to finish closing and still receive the credit.
If you are interested in buying your first home, then don't wait! I can help you find the perfect home for your needs and budget!
Here is a link to a very useful chart outlining the new changes and eligibility requirements.
|
|
Email
