WHAT ARE YOU WAITING FOR?!?!?!
Interest Rates are historically low! Inventory is unusually high...The only part missing is YOU! Make a decision to move forward and invest in real estate!
Take advantage of YOUR Governments Gift to YOU! If you buy a home before December 1st, 2009 (and We DO NOT RECOMMEND You wait that long because the Appraisal Rules are changing August 1st, 2009 that you will need SIXTY DAYS To Close on a Home Purchase - that means Be In The Game By The End of September!!!
Per the IRS.gov website, you may qualify to receive this credit if you meet the following qualifications:
"... qualifying taxpayers who buy a home before Dec. 1, 2009, can claim the credit on either their 2008 or 2009 tax returns. They do not have to repay the credit, provided the home remains their main home for 36 months after the purchase date. They can claim 10 percent of the purchase price up to $8,000, or $4,000 for married individuals filing separately.
The amount of the credit begins to phase out for taxpayers whose adjusted gross income is more than $75,000, or $150,000 for joint filers.
For purposes of the credit, you are considered to be a first-time homebuyer if you, and your spouse if you are married, did not own another home during the three-year period ending on the date of purchase." (That is my Favorite part.....I always thought a First was only once, but the governments definition of a First, is if you haven't in the last 3 years ;-)
The credit itself:
- Applies to purchases that close after April 8, 2008, and before Dec. 1, 2009.
- Applies only to homes used as a taxpayer's principal residence.
- Reduces a taxpayer's tax bill or increases his or her refund, dollar for dollar.
- Is fully refundable, meaning the credit will be paid out to eligible taxpayers, even if they owe no tax or the credit is more than the tax owed.
If you were thinking about buying a home - talk to your accountant to see how you may qualify to get $8,000 extra dollars for buying your first home!
Call The GreatFloridaHomes Team Today to take advantage of Your Gift!!
