First Time and Repeat Home Buyer Tax Credit
Deadline: April 30, 2010
Time is quickly approaching for the 2010 Homebuyer Tax Credit to expire! In order to qualify for the Homebuyer Tax Credit you must have a a binding, signed contract by April 30, 2010 which then must have the purchase completed by June 30, 2010.
There are two different credits available – you do not have to be a first time homebuyer to qualify!!
First Time Homebuyers:
- $8,000.00 credit (10% of home purchase price, up to $8,000.00)
- must not have owned a prinicple residence in 3 years prior to purchase
- $6,500.00 credit (10% of home purchase price, up to $6,500.00. Homes over $800,000 do not qualify)
- must have owned and resided in the SAME home for 5 consecutive years of the last 8 years
This is a great opportunity for ALL Homebuyers! The Spring Market is one of the MOST vibrant of the year with an astounding selection of homes available. Prices are at an all-time low giving you the opportunity to own so much more.
Please be sure to visit the Federal Housing Tax Credit website for ALL of the nuances of the credits available.
If you are starting your search for Homes for Sale in Wake Forest NC please be sure to check out my website, Wake Forest NC House Chick, where you can create a Listing Notifier and/or search the real-time Triangle Multiple Listing Service. If you would like to get out and explore some of the opportunities available in the area please feel free to give me a call at 919-649-6128 or simply send me an email – it’s just that easy!