If you have somewhere carefully stashed away in the back of your overfilled noggin the notion that you might want to buy a home in the near future, get after it!!! Get under contract by April 30th, the deadline for qualifying to take advantage of the federal tax credit. Those who haven’t owned a home in the last 3 years can recieve a tax credit equal to 10% of the homes purchase price, up to a maximum of $8000. If you are a repeat buyer or already own a home, you could qualify for a $6500 credit from Uncle Sam. If you meet all of the criteria, this tax credit is cash back to you, and would be received when you file income tax returns.
With home prices depressed and interest rates at all time lows, this tax incentive should be a no brainer…get it while it lasts. For more information contact me, and I’ll tell you what I know.
Anne Mayberry 970.846.1425