Current Tax Credit

OK, time is beginning to run out!!

At this time there are about TWO months left to take advantage of either the FIRST TIME Home Buyer’s Tax Credit or the credit for those who are selling and buying, BUT NOT for the first time.

The FIRST TIME Buyer is eligible for an $8,000 credit and the “move up” or “downsizer” is eligible for up to a $6500 credit. There are, of course, some specific criteria that must apply. For example, the cost of the home that is being purchased cannot cost more than $800,000. Also, there is an income limit of $125,000 per year for a single return and $225,000 for a joint return.

BOTH types MUST be under agreement by 4/30/2010 and close by June 30, 2010. There is still time to avail yourself of this wonderful opportunity, but there are only about TWO months remaining. Not only is this a great financial opportunity, but the interest rates are still at fabulous levels.

So, if you have been thinking about a REAL ESTATE change this is the time to do it, for many reasons!

If I can answer any additional questions, please feel free to contact me: Jeri Baily at 508-259-9848, WEICHERT, REALTORS® - ComVest Residential.