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$8000 reasons to buy Jupiter Real Estate
$8000 Reasons to buy Jupiter real estate
Realtors are in the business of helping people fulfill their dreams of owning a home, now the government is taking steps to aid in that dream as well. But time is running out and there are $8,000 reasons to buy a home now ! Time is running out on the $8,000 Home Buyer Tax Credit that pertains to the American Recovery and Reinvestment Act of 2009. Time is running out hurry you only have until November 30th, 2009. The tax credit is for first-time home buyers only. For the tax credit program, the IRS defines a first-time home buyer as someone who has not owned a primary residence during the three-year period prior to the purchase. So even if you owned a home in the past you can take advantage of this. The tax credit does not have to be repaid and it is equal to 10 percent of the home’s purchase price up to a maximum of $8,000. According to Reuters:“The National Association of Home Builders estimates that the $8,000 first-time homebuyer credit will stimulate 160,000 home sales across the United States — 101,000 purchases from first-time buyers and another 59,000 purchases by existing homeowners who sold dwellings to first-time buyers.” Even more exciting news for Florida is that the governor is considering the proposal by a coalition of Florida consumers, Realtors, lenders and homebuilders which are lobbying state legislators to come up with a “Florida Formula” to allow first-time homebuyers to use the federal tax credit upfront. To find out more details on this exciting program please visit http://www.federalhousingtaxcredit.com/2009/glance.php
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Date: Thursday, August, 13th 2009 @ 05:57:50 PMViews: 267
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