Friday, February 20, 2009
Tuesday, February 17, 2009
Economic Stimulus Package Highlights
Well, it's not as good as I had hoped, but here are the highlights of Obama's plan as it pertains to the real estate tax credit:
There is now an $8,000 tax credit for 1st time homebuyers (defined as those not owning a home for the last three years). If the home is sold within the first three years then the credit will have to be repaid at settlement, otherwise the money is yours to keep! There are income limits ($75,000 for an individual or $150,000 for a couple). This credit is retroactive to January 1, 2009 and is valid through December 31, 2009. So, for all of you "first time" buyers...what are you waiting for? This is $8,000 of free money. Let's go claim yours!
Here's a link to a good article in the Wall Street Journal.
Give me a call at 215-499-6464 if you or someone you know is ready to take the plunge!
There is now an $8,000 tax credit for 1st time homebuyers (defined as those not owning a home for the last three years). If the home is sold within the first three years then the credit will have to be repaid at settlement, otherwise the money is yours to keep! There are income limits ($75,000 for an individual or $150,000 for a couple). This credit is retroactive to January 1, 2009 and is valid through December 31, 2009. So, for all of you "first time" buyers...what are you waiting for? This is $8,000 of free money. Let's go claim yours!
Here's a link to a good article in the Wall Street Journal.
Give me a call at 215-499-6464 if you or someone you know is ready to take the plunge!
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