Friday, March 19, 2010

$8,000 Tax Credit expires April 30th

The official first day of spring begins at 1pm tomorrow.

Spring is the busiest time of year for almost every business, and Real Estate is no exception. More Homeowners list their homes for sale now rather than any other time of year. Home buyers start scouring the newspapers and internet ads for "Open Houses" trying to find that perfect home to meet their needs.

This Spring there is a greater incentive to buy or sell a home. It is a Tax Credit that can be utilized by both the the buyer and the seller. A single first time home buyer can earn up to $125,000,$250,000 for a couple and not owned a home in the past three years to qualify for the $8,000. A Seller must have occupied the home 5 out of the past 8 years and be purchasing another home to qualify for up to $6,500.

Contracts must be signed by April 30th 2010, and closed no later than June 30th to be eligible for these tax credits.

I am a professional real Estate Agent with Better Homes Realty, call me today to find out how you can take advantage of these tax credits.

Kelly Wymbs (732)673-3253

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