Last Chance for Tax Credit Savings

With the home buying tax credit set to expire April 30th, there’s no time to waste to find out if YOU qualify for this once-in-a-lifetime opportunity.  From now through  April 17th, Davidson Realty is holding Tax Credit Open Houses each Saturday where on-site experts will help you determine how much Tax Credit you may qualify for. Stop by on Saturday anytime between 10:00 am and 2:00 pm and we’ll explain the $8,000 tax credit for first time buyers and the $6,500 for current home owners; answer home buying questions; pre-qualify people for loans; and review area communities as well as individual homes.

The Worker, Homeownership, and Business Assistance Act of 2009 extended the tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence. It also authorized a tax credit of up to $6,500 for qualified repeat home buyers.  If you purchase a home by April 30, 2010 and close by June 30, 2010, you may qualify for one of the two available tax credits. The first-time homebuyer credit is for buyers who have not owned a home during the last 3 years. The other credit is for current homeowners who have used the home they are selling or vacating for 5 consecutive years within the last 8 years. The credit is 10% of the purchase price of the home up to $8,000 for first-time homebuyers and $6,500 for current homeowners.

There are two other considerations:

1. The home you purchase must be $800,000 or less.
2. If your income for a single person is up to $125,000 or $225,000 for married people filing jointly, you will qualify for the full credit.

In addition to complimentary counseling at the Davidson Realty Tax Credit Open Houses, we also offer a free Homebuying Kit that comes complete with:
    * Timeline for Buying a Home
    * Resource Contact List
    * Terminology Guide
    * Mortgage Programs
    * Sample Payment Options
    * Community Overviews

Now’s your chance.  Stop by the Davidson Realty office during our Tax Credit Open Houses any Saturday through April 17th and learn more.