FREE $8000 Tax Credit

Tax Credit Extension and Expansion!

$8,000 Reasons to Buy Your First Home Now!

$6,500 Reasons to Move-Up to Another Home!

GET FREE $$$ IN THE FORM OF A TAX CREDIT FROM THE UNITED STATES GOVERNMENT...FOR A LIMITED TIME ONLY...ENDS APRIL 30, 2010 !

YOU MUST CLOSE ON YOUR HOME BY JULY 1, 2010!

NOW this credit has been extended for the first time homebuyers and even expanded to "Move-Up" Buyers!

The deadline for the first-time homebuyers tax credit has been extended and the program has been expanded to include current homeowners....they are also eligible for a tax credit under the latest program.

If you missed the original November 30 deadline....not to worry....just sign a contract by April 30, 2010 to qualify for the tax credit. But remember you must close on your new home by July 1, 2010.

Q What Does All of This Mean to You?

A It means FREE $$$ from the U.S. Government directly to you!

Q Who Qualifies?

A First-time homebuyers and "Move-Up" buyers who purchase homes between November 30, 2009 and

April 30, 2010. The purchase must close by July 1, 2010.

Q Which Properties Are Eligible?

A The 2009 - 2010 expanded first-time homebuyer and "Move-Up" buyer Tax Credit may be applied to primary

residences, including: single family homes, condos, townhomes and co-ops.

Q How Much Will the Credit Be?

A The maximum allowable credit for first-time homebuyers is $8,000. The maximum allowable credit for the

"Move-Up" homebuyer is $6500. Each homebuyer’s tax credit is determined by four factors:

The price of the home—the credit is equal to 10% of the purchase price of the home, up to $8,000 for the first-time homebuyer.
The maximum purchase price of the new property for either category of homebuyers cannot exceed $800,000.
The buyer's income - single buyer's with incomes of between $125,000 and $ 145,000 and married couples with incomes of between $ 225,000 and $ 245,000 - may receive the maximum tax credit. The income levels are the same for the first-time homebuyers and the "Move-Up" buyers.
To receive the "Move-Up" tax credit; the buyer must have lived in his/her home for the past 5 consecutive years.

Q If the Buyer(s)’ Income Exceeds These Limits, Can He/She Still Get a Credit?

A Yes, some buyers may still be eligible for the credit. The credit decreases as buyers approach the

maximum earning amounts....more than $145,000 for single buyers and between $225,000 and

$245,000 for homebuyers filing jointly. Homebuyers earning more than the maximum qualifying

income—over $145,000 for singles and over $245,000 for couples—are not eligible for the credit.

Q Will the Tax Credit Need to Be Repaid?

A No. The buyer does not need to repay the tax credit, if he/she occupies the home for three

years or more. However, if the property is sold during the three-year period, the credit

will be recouped on the sale.

Always remember to check with your tax professional before applying for a credit.

For more information contact Laura Swanberg at 954-647-3694 or Lissette Regalado at 754-244-3847.