Brief Opportunity:Owner-Buyer Tax Credits
Filed under Uncategorized · Tagged: $6500 tax credit, buyers who own, Chester County, deadline April 30th, downsizing buyers, great time to sell & buy, Lancaster County, move-up buyers, non-first timer buyers, opportunity, owner-buyers, spring real estate market, tax credits, time to move, window of opportunity
Have you heard about the new tax credit for buyers who are not first-time buyers? (Yes, the $8,000 tax credit has been extended for first-time buyers, but) Congress also passed a $6,500 tax credit for buyers who currently own. This is for all the people who have been waiting to move up to a larger home, downsize to a more manageable home, or move on due to life or job changes.
Prices in Chester County and nearby parts of Lancaster County have more or less stabilized in the past year. Morgage interest rates are quite low (5-6%). If you add this $6,500 tax credit, it makes this a great time to sell your current home and look for a new one.
Heads up: You need to act quickly, because this window of opportunity closes April 30, 2010. That’s the last day for you to get your new home under binding contract, then you must settle on it by June 30th.
There are certain qualifications you must meet: must have owned your home for at least 5 years, can’t buy new home over $800,000, income limits, and new home can’t be vacation home, but must be used as primary residence. Just call or email Laurie at 610-322-5843 or lknecht@comcast.net if you’d like a Tax Credit Chart mailed or emailed to you with further details.
Also contact Laurie if you’d like her to help you get your home on the market as soon as possible so you’ll have plenty of time to find a buyer and your new home before this wonderful window of opportunity closes!
Comments
One Response to “Brief Opportunity:Owner-Buyer Tax Credits”
Leave a Reply
-
Search for Homes
My comprehenisve search system
allows you to search all homes for sale
in Chester County & Southeastern PA.
SEARCH NOW! -
Your Home's Value
Would you like to know the value of your home? Contact me and get a comparative market analysis! Find Out Now -
What's the Market Doing?
Want to know what the market is doing in your neighborhood? Is the market headed up or down? Click here to get up-to-the-minute updates on the trends that effect your home market! Read More About The Chester County Real Estate Market »
Buy:Seroquel.Lasix.Female Cialis.Advair.Ventolin.Acomplia.Buspar.Zetia.Benicar.Lipothin.Prozac.Female Pink Viagra.Aricept.SleepWell.Nymphomax.Amoxicillin.Lipitor.Zocor.Cozaar.Wellbutrin SR….