Tuesday, January 26, 2010

Hurry! Tax Credit Expires 4/30/10

Quick reminder to buyers:
You must be in contract by April 30 to get tax credit of up to $8,000!

*First-time buyers are still eligible.
*Repeat buyers are also eligible.
*Income limits have been raised!
*This tax credit only applies to properties that are in contract by April 30, 2010, so if you're thinking about buying a home, it's important to act quickly.

A few key points about this NEW tax credit:

*Extends the $8,000 credit for first-time home buyers.
*Includes new $6,500 credit for owners of existing homes who have lived in their principal residence for five consecutive years out of the last eight.
*Increased income limits of $125,000 for single filers, and $225,000 for joint.
*Qualified home purchases must be in contract April 30, 2010 and closed by June 30, 2010.
*Available on homes priced up to $800,000





Combined with ZipRealty's rebate and historically low interest rates, you could be looking at some serious savings on your home purchase if you buy before April, 2010.

Everybody's tax situation is different and we strongly encourage you to speak with your personal tax or financial professional to decide if this program is right for you.

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AVERAGE SOLD PRICE TO ASKING PRICE RATIO LAST 3 YEARS