Many trends are affecting real estate home prices and values today, and the news is full of predictions nationally and for local market segments. But what you need to know is how those trends are impacting you and your home, not some national or area statistic. Did you know- a customized foreclosure & pre-foreclosure report targeted to a one-mile radius from your home is available today? Contact me for your personalized market assessment and get the local facts- now!
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Time left for $8,000 Tax Credit
Overview Of The New Home Buyer Tax Credits:
The $8,000 1st Time Home Buyer Tax Credit Is Extended. Binding contracts must be executed by 4/30/2010 and closed by 6/30/2010.
New $6,500 Tax Credit Is Expanded For Trade-In Or Move-Up Buyers. The Buyer must have lived in their current residence for 5 of the past 8 years and must live in their new residence for a minimum of 3 years after the purchase.
Income Limits Are Raised To $125,000 ($225,000 Joint). There are phased out credits for incomes up to $20,000 in excess of these limits.
Eligible Home Purchase Prices Are Limited To $800,000.
2010 Purchases Could Apply For 2009 Tax Returns.
No Repayment If Home Is Main Residence For 36 Months.
The 36-Month Provision Waived For Active Military Moves.
Information deemed to be accurate but not warranted.
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