Clifton Park and Albany NY Homes for Sale: December 2009

Clifton Park NY Real Estate News

Clifton Park NY Real Estate News

Home Buyer Tax Credits

Most everyone is aware of the $8,000 First Time Home Buyer Tax Credit, but few know about the enhanced $6,500 Tax Credit for Repeat Buyers.  Listed below are the basic rules for this refundable tax credit:

  • Maximum Credit is $6,500.
  • Maximum Purchase Price $800,000
  • Income Limitation: $125,000 single, $225,000 married
  • Home being sold must have been primary residence for 5 consecutive years during the previous 8 years.
  • Home being purchased must be under contract by no later than April 30th, 2010 and close by no later than July 1, 2010.

 

 

 

If you are thinking about buying a neew home, now is the time to start your search so you can take advantage of this $6,500 tax credit.

If you have any questions, please let me know.

Thank you,

Lewis

Serving Raleigh NC and the Greater Triangle Region

Lewis Beynon, Broker

Norris Team of Century 21 Triangle Group

(919)475-6329    LewisB@norristeam.com

FREE Home Search @ www.LewisB.com

Comment balloon 2 commentsLewis Beynon • December 28 2009 10:02PM
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