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