The deadline is quickly approaching to qualify for the $8,000 tax credit. You must close on the home by November 30th, 2009. You can not simply have only made an offer by the deadline. Here is some more detailed information on this opportunity.
- Buyers can qualify for a tax credit equal to 10% of the purchase price up to $8,000.
- The credit is for first time homebuyers or anyone who has not owned a primary residence in the past 3 years.
- You must CLOSE on the property by Nov. 30, 2009
- In order to receive the maximum credit, your income must be no more than $75,000 per year for a single taxpayer or $150,000 per year for married tax payers.
- The property must be a single family detached home or attached home like a townhome or condo. The property must be your primary residence.
- The tax credit can be revoked if you sell the purchased property within 3 years.
- This is a tax credit. When you file your taxes, the government will send you the amount you qualified for in addition to any refund you might be owed.
For more information, please contact me and I will put you in touch with a lender in your area.
Steve Blair
Affiliate Broker / REALTOR
SilverPointe Properties
7105 Crossroads Blvd. Ste. 102
Brentwood, TN 37027
Office: 615-377-6330
Cell: 615-479-1639
Email: steve@steveblair.net
Website: www.steveblair.net
Twitter: www.twitter.com/blairtweets
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