North Andover, MA real estate update - Merrimack Valley Real Estate Update on the $8,000 tax credit for homebuyers.
I have been getting a lot of questions lately on the homebuyer tax credit so I thought I would take a moment and give everyone an update. The clock is ticking on the $8,000 credit AND there is still time to take advantage and qualify for this opportunity. Here are the revised criteria:
Home Buyer Tax Credit Revised in November 2009 First-time Buyer -
Amount of Credit $8,0 00 ($4,000 married filing separate)
First-time Buyer
Definition of Eligibility May not have had interest in a principal residence for 3 years prior to purchase
Current Homeowner - Definition of Eligibility Must have used the home sold or being sold as a principal residence consecutively for 5 of the previous 8 years
Deadline for Tax Credit Purchases after April 30, 2010 (Binding contract must be written by this date. Purchaser has until July 1, 2010 to close on the property.)
There are some additional income and property purchase price limitations. Give me a call of shoot me an email for details. Don't hesitate. Interest rates are at an all time LOW and will be going up, home prices have never been more affordable and the tax credit will be going away SOON. Don't miss this historic opportunity to capitalize on your real estate investment. SEARCH FOR ALL MLS PROPERTIES IN MA AND NH today and find your perfect home.
Mark Gracy - Your Real Estate Resource in the Merrimack Valley
(978) 861-4016 (tel &fax) Visit our website for FREE Homebuyer reports
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