Tax Credit Deadline Approaching

Imagine this... an extra $6,500 or $8,000 to add equity to your new dream home! Well this is possible! Thanks to the Worker, Homeownership, and Business Assistance Act of 2009 there are tax credits of up to $8000 for qualified 1-st time buyers and up to $6,500 for qualified existing homeowners. In order to receive the credit, buyer's must have a written binding contract by April 30th and the home must be successfully closed by June 30th, 2010. Some income and purchase values are excluded from the tax credit including, but not limited to, income caps as well as the purchase price must be valued less than $800,000. The credit is received by the buyer in their normal annual tax returns. Now these homeowners can add this back into the value of their newly purchased home! Don't wait too long, aim for the tax credit deadline, and you will be ahead of the future neighborhood values! Contact us for more information!