Don't Delay - tax credit expires December 1, now is the time to get your new home under contract!
Facts on the First-time Homebuyers Tax Credit*
CLICK HERE to download the PDF document.
* FIRST-TIME HOMEBUYER TAX CREDIT As Modified in the American Recovery and Reinvestment Act. Major Modifications February 2009.
Highlights:
- Maximum credit amount increased to $8,000
- Purchasers who utilize revenue bond financing can use credit
- No repyment for purchases on or after January 1, 2009 and before December 1, 2009
- If home is sold within three years of purchase, entire amount of credit is recaptured on sale (applies to homes purchased in 2009)
Click the link to view the entire chart of "Facts on the First-Time Homebuyer Credit".
Contact a CENTURY 21 Judge Fite agent to find out if you qualify for the $8000 tax credits.
