WARNING: 7 Months Left For The $8,000 Tax Credit!!!
April 27th, 2009 categories: Buyer Resource, Seller Resource
ATTENTION HOME BUYERS: TIME IS RUNNING OUT! 
We are now in April of 2009 and have only 7 months left to take advantage of the First Time Home Buyer Tax Credit. NOW is the time to take advantage of: Low Priced Homes, Low Interest Rates and…$8,000 Tax Credit that is only available until 12/1/09.
Don’t delay as time will go by fast. See below of examples of low priced homes that you may want to use for the Tax Credit: (Click on the links below)
- Santa Rosa Ca Homes up to $300,000
- Rohnert Park Ca Homes up to $300,000
- Petaluma Ca Homes up to $400,000
- Cotati Ca Homes up to $400,000
- Other Sonoma County Homes
This First Time Home Buyer Tax Credit is effective for homes that are purchased from 1/1/09 – 12/1/09. Here are some other criteria:
- The maximum credit amount is 10% of the home purchase price up to $8,000.
- This is for all principle residences that include single family homes, condos/townhouses and or PUD’s.
- If you purchase a home for $8,000 or more you are eligible to receive the full Tax Credit amount of $8,000 to offset your income tax liability or receive a refund for any amount up to $8,000 if your tax liability is less.
- The Tax Credit income limitations for single filers is $75,000 and for married filers is $150,000. Married filers that file separately can receive a Tax Credit of $4,000 each.
- The First Time Home Buyer can mean any person that has NOT owned a principal resident for the past 3 years.
- The Tax credit is eligible for home buyers using bond programs.
- No repayment is required unless the property is sold in the first 3 years.
Please call me for any questions, 707-771-0338.
Happy House Hunting!!!
