$8,000 Dollar homebuyer Tax-Credit good for Sherwood Oregon and surrounding area real estate. That's right, this is a true CREDIT and not a loan!
The dust has settled and the stimulus package hammered out by House and Senate drops the repayment feature on the home buyer tax credit and raises it from the previous $7,500 to a generous $8,000 for those who purchase a home after January 1st 2009 and before December 1st 2009 and have not owned another home in the last 3 years.
If you are considered a first time homebuyer YOU'LL WANT TO KNOW ABOUT THIS PROGRAM. We have a complete homebuyers packet that explains this program in DETAIL and are happy to provide it to you along with our other FREE homebuyer services. Ask about it!
Simply email your request to jasongardner@johnlscott.com and we'll be happy to answer any questions you have and hand deliver or email a copy of the details behind this new homebuyer program to you.
Position yourself for the best success and get our continiousley updated list of BEST BUYS and OPPORTUNITIES available right NOW on the market... These are exciting times, let's start house hunting!
Program Highlights:
- First time home buyer - someone who did not own another main home at any time during the three years prior to the date of purchase.
- The new credit is $8,000 refundable tax.
- The tax credit is equal to 10 percent of the home's purchase price up to a maximum of $8,000.
- Tax Credit reduces the buyer's income tax liability and does not require repayment.
- Credit applies to purchase on or after January 1, 2009 before December 1, 2009.
- Recapture rule applies - If you claim the credit, you must own the home for three years as primary residence.
- Buyer is eligible for the credit if his/her income is no more than $75,000. Married couples who file a Joint return may have income of no more than $150,000.
- Applying for the credit will be easy. You're CPA or Tax Consultant will help you when you file.
- All markets shift - this buyers market is NOT here to stay. With new homebuyer programs, low interest rates and great inventory to choose from, NOW IS THE TIME TO BUY! As the experts, we're here to assist you every single step of the way and our buyer representation is FREE!
CLICK HERE for access to a fantastic chart supplied to us by the National Association of Realtors. It is a good guide to the major differences in the previous credit and current $8,000 credit. Because this is such a sought after program and there are many frequently asked questions, we've provided those Q & A's HERE for you as well. As your local real estate experts and experienced homebuyer specialists, we do recommend that you review the entire program details, outline your goals and consider some additional options we have to offer that may be of great interest to you. Learn more by contacting us directly.
Buying a home can be complicated, but fortunately a lot of expert advice is available to help people navigate the experience. The Gardner Teams resources and services can help make the process smoother. If you or someone you know is considering to purchase or sell a home, we welcome the opportunity to share our award-winning experience and how we can help you make the best real estate moves to accomplish your goals today and for your future. Working with the leading real estate team serving Sherwood Oregon and the surrounding areas may very well be one of the best moves you'll make. We're prepared to help you take advantage of this historic opportunity. Let's talk.
Video Interview: Tax Economist Answers Questions About the Home Buyer Credit
Rob Dietz, Ph.D., director of tax issues for the National Association of Home Builders, discusses the $8,000 first-time home buyer tax credit in this videotaped interview.
When looking for the best Realtor to work with, many rely on the success of The Gardner Team.
Jason and Amber Gardner (971) 832-1234 / jasongardner@johnlscott.com / www.TheGardnerTeam.net
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Jason & Amber Gardner | Principal Broker | ALHS | AHS | MDC
971-832-1234
jason@gardnerteam.net
www.GardnerTeam.net
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It was a bummer that the original proposal did not get through. This would have really opened up the market for those sitting on the fence about purchasing.
I think this is good news for the folks looking to buy now, to bad I bought a couple years ago!
Jason and Amber, I think the dropping of the repayment feature is fantastic. I'm not sure a lot of real estate people were informing their clients that this $7,500 was more like an interest free loan. Now, the $7,500 is a true credit! Extending this until September 1 is also a great thing. Let's hope this helps some people, who wouldn't otherwise be able to, get into a home this year.
Troy - I agree, this is fantastic added value to home-buyers. For many it will make a great difference. Thanks for stopping by our blog.