$8000 tax credit – free money if you qualify
Filed Under Lake Oswego home buyers, West Linn home buyers, home buyers · Tagged: Home buyer tax credit
This is a great opportunity for a first time home buyer or one who has not owned a home in the past 3 years. It is really a double bonus with home prices down to 2005 levels here in the Portland metro area, not only is the home buyer getting a great price, but a credit back from uncle same for making a great investment. Not one that will need to be paid back unless you sell your home within the first 3 years of home ownership.
Income restrictions apply – for singles 75K or 150K for married filing jointly. For more detail check out http://www.robertanopson.com/2009-home-buyers-tax-credit.html or email me and I will forward my home buyers tax credit fact sheet. Info@lakeoswegohomesellers.com .
To bad the original $15,000 plan with no income restrictions did not pass. An even better plan would have been one that did not have the first time/3 year limit attached. Letting home sellers move their current home and then buying their next home and being giving the tax credit. That would be a stimulous.
Not that this will be the cure all, it is a step in the right direction. Every home buyer was a first time once. It can be a very exciting time. Pricing is down, interest rates are down, and a tax credit, not to mention the tax deduction your new home will give you!
NOTE – I am not a tax professional in this life or the last one…. For tax advise always consult your tax professional. If you choose to go it alone, remember I told you to seek advise!
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