2010 Home Buyer Tax Credits
This is a Sponsored Post written by me on behalf of Coldwell Banker. All opinions are 100% mine.
According to The 2009 National Association of Realtors® Profile of Home Buyers and Sellers, the number of first-time home buyers rose to 47 percent of all home sales from 41 percent of transactions in last year!s study, and was the highest on record dating back to 1981. The previous high was 44 percent in 1991.
I guess it’s time to set a new record. You can receive up to an $8,000 tax credit if you’re a first-time home buyer or have not owned in the last three years. In case you have lived in a current home consecutively for 5 of the past 8 years you can receive up to a $6,500 tax credit when purchasing a home. Income limits are now $125,000 for singles, $225,000 for married couples with a $20,000 phase-out of the credit for both.
Here’s a video on the home buyer tax credit extension in which things are explained better than I can:
I guess you have to hurry if you’re planning on buying a new home: you are urged to act and have a written, binding contract by April 30th 2010 and all properties must be closed by June 30th 2010. You can read more about the 2010 Homebuyer Tax Credits on Coldwell Banker which also offers you the opportunity to buy a new home or sell your current one.
Remember to invite me as well to your new house party 😀 .
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