First Time Home Buyer Tax Credit

The homebuyer tax credit is one of 10 key provisions of the American Recovery and Reinvestment Act signed by President Obama into law on Feb. 17, 2009.

The bill provides for an $8,000 tax credit that would be available to first-time home buyers for the purchase of a principal residence on or after January 1, 2009 and before December 1, 2009. The credit does not require repayment. Most of the mechanics of the credit will be the same as under the 2008 rules: the credit will be claimed on a tax return to reduce the purchaser's income tax liability. If any credit amount remains unused, then the unused amount will be refunded as a check to the purchaser.

This should be a no brainer for folks just starting out. First time home buyers need to take advantage of this tax credit.

Click here to download the First Time Home Buyer Tax Credit form 5405

And here's just the home to use your credit on!

Nicely maintained 4 bedroom 2 bath home on Rush Meadow Rd. Long brook frontage on Willow Brook. Large, comfortable rooms. Enjoy the babbling brook from the enclosed porch. Major updates include: Siding, roof,furnace, windows, electric. Inexpensive to heat. Ready to enjoy.

It's the Time to Buy - Have you Heard?

Finally! The reports are coming in. Interest rates are at an all time low, there is plenty of inventory, sellers are ready to talk, the local banks have money to lend, first time home buyers are looking at an $8000 tax credit. Now is the time to buy!

The phones are ringing here at Dark Horse Realty with both buyers and sellers coming out of winter hibernation.

One of our local banks has a 30 year fixed rate mortgage, zero points, 4.875%, that results in a qualified borrower being able to get a $185,000.00 mortgage for a monthly mortgage payment of only $979.04.

Check out this property......it is perfect for a growing family. Give me a call today to schedule a tour.




4 Bedroom Cape, Reading, Vermont
http://www.darkhorserealty.com/

Lauri Bessey
802-484-0195
Lauri@darkhorserealty.com