Attention First Time Buyers:
If you buy a home this year (before December), you will receive an $8,000 direct tax credit. This $8,000 will NOT have to be repaid if you stay in your home for atleast three years.
You can buy any home you like, a townhome, a condo, a foreclosure, a short sale, or a nice house with a yard. It can be listed by ANY Realtor, or can even be listed for sale by owner. This $8,000 rebate is yours to use as you like. It can save you even more if you use this $8,000 to actually pay off your house.
Some other details of this homebuying stimulus package include:
- Tax credit is up to 10% of the value of the home. So, homes purchased for less than $80,000 won't get the full $8,000.
- Full Credit is available for individuals who make less than $75,000 per year and couples with annual incomes less than $150,000. Partial credits are available for people who make more money.
- People are eligible as First Time Buyers if they haven't owned a home for atleast three years.
- The credit amount must be repayed at sale of home if home is sold before thre years.
- Applies to all homes purchased between January and November of 2009.
Take advantage of this $8,000 rebate and start shopping homes for sale at Real Estate Logan.com
This tax credit makes now a great time for first time buyers to invest in logan utah real estate.
Hi Alan:-) Realtors need to get the word out about the NEW 8000. tax credit incentive for first time home buyers who purchase homes in 2009. I don't think many people realize how it works and that it does not need to be re-paid, which is the big advantage over the 2008 7500. first time buyers home incentive. Great job in this post.
This is truly remarkable time for buyers thats for sure. Great information. I cant believe that you can combine that money with the $6,000 new home grant and really score when buying a home!
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