You Can't Spell REALTOR without LT!
Although I work with all types of clients, one of my specialties is working with first-time homebuyers. Buying a house is the largest investment or purchase you will ever make, so it is important to make it a pleasant, non-stressful and educational experience. In order to make that happen, I work closely with multiple lenders, that are as concerned as I am with the comfort of your experience.
If you are thinking about becoming a homeowner, take this opportunity to get educated and prequalified now. Or if you need to sell your current property before you move on, I can assist you with that as well!
To get started, email me at Lane@LT-RealEstate.com or call me directly at 303-903-7639. Private one-on-one homebuyer seminars are available.
$8000 tax credit highlights include:
- The $8000 tax credit is available only to first-time homebuyers
- The $8000 tax credit is available only when the first-time homebuyers buy a primary residence
- The $8000 tax credit is available only to first-time homebuyers buying a primary residence between January 1, 2009 and December 1, 2009
- The $8000 tax credit does not require repayment
- The $8000 tax credit is claimed on a tax return and reduces the tax liability. If the credit is more than the tax liability, the unused credit will be issued as a check to the person claiming the credit
- If you sell the home within 3 years, the entire $8000 tax credit is recaptured
For those of you who have been asking questions about the possible tax credit - the good news is that we now know what has been passed into law.
What this legislation should do is encourage first-time homebuyers to buy a home. This is a tremendous opportunity!
**The 2009 first-time homebuyer tax credit does NOT replace the 2008 tax credit. The 2008 first-time homebuyer tax credit still exists for those that qualify. It is effective for purchases made between April 8th and December 31st, 2008. The 2008 tax credit still requires repayment over 15 years, beginning 2 years after the credit is claimed. It consists of $500 per year for 15 years.
***The definition of a first-time homebuyer might be a little different than most people might think! The definition not only includes those that have never owned a house before, but also those that have not owned or co-owned a house during the 3 years preceding the date a home purchase is made in 2009. So, even if you've owned a house before, you might still be able to qualify for the tax credit.
Contact me immediately, if you are going to be a first-time homebuyer this year!
***The definition of a first-time homebuyer might be a little different than most people might think! The definition not only includes those that have never owned a house before, but also those that have not owned or co-owned a house during the 3 years preceding the date a home purchase is made in 2009. So, even if you've owned a house before, you might still be able to qualify for the tax credit.
Contact me immediately, if you are going to be a first-time homebuyer this year!
Five reasons to buy a house this year.
1. Affordability is better than ever.
2. Large inventory to choose from.
3. Builders offering big discounts.
4. Low interest rates.
5. $8,000 federal tax credit.
