Saturday, October 24, 2009

Time is Running Out for $8,000!

Time is running out! If you are a first time homebuyer or haven't owned a property in at least 3 years, take advantage of the federal government's first time homebuyer's tax credit! After closing your home, you will receive 10% of the home's purchase price, up to $8,000 in check form from the IRS (unless you owe them some back taxes, but that's another topic). There's still some time left, but you have to close on the home BEFORE November 30th of this year. Although everyone is hopeful, there is no word yet on an extension for the tax credit. The process of closing on a home after you have an accepted offer can sometime take up to 30 days so hurry before it's too late! There are all kinds of benefits to being a homeowner, but this great incentive for first time homebuyers is too good to pass up. Feel free to contact me with any questions!


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