Things to Do In & Around Lynchburg, VA : Do I Qualify For The New First Time Home Buyer Tax Credit?

Do I Qualify For The New First Time Home Buyer Tax Credit?

Are you confused by all of the talk about the $8,000 first time home buyer tax credit? Not sure if you qualify? This short video from RE/MAX highlights the points of the $8,000 First Time Tax Credit Extension and Expansion:

-Extends the $8,000 first time Home Buyers Tax Credit if you're under contract by April 30, 2010 and close by June 30, 2010 -Up to $6,500 tax credit for current homeowners who have lived in their homes (as principal residence) for 5 consecutive years of the last 8 years and close on their new home by June 30, 2010 -Income level of $125,000 for single buyers, $225,000 for joint buyers - Military members and those who've been deployed overseas for at least 90 days in 2008-2009 can claim the credit if they're under contract by April 30, 2011 and close by June 30, 2011.

Now IS a great time to buy a home!



Real Estate Sales in Lynchburg, VA

 


Comments

We have to make sure that we motivate people to get moving on this.  April 30th will roll around pretty quickly.

Posted by PHILIP TURNER-MORTGAGE BANKER SINCE 1980 (MCCUE MORTGAGE COMPANY) 8 months ago

Hi Philip, I think we are seeing some motivated people in Lynchburg- I've had two calls this week from first time buyers and our sales were way up for Sept and Oct. Thanks for stopping by!

Posted by Debbie Malone, Realtor Lynchburg, Smith Mountain Lake VA (RE/MAX 1st Olympic Realtors) 8 months ago

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