Davidson Realty, Inc.

Take Advantage of The Tax Credits Before April 30th!

February 10, 2010

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Posted by in Events, News

Young couple planning their household expensesMy daughter just closed on her first home in January. She got a great deal on a short sale in St. Augustine. I helped her file her tax return last week and it is amazing that she will receive a check for $8,000 from the Internal Revenue Service due to the first-time homebuyer tax credit.

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 only 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.

To make it easy for anyone considering taking advantage of the credit, Davidson Realty is hosting a Tax Credit Open House at our office every Saturday from 10:00 AM until 2:00 PM. There will be a mortgage professional and Realtors available to answer any questions, make sure what type home you could qualify for and review communities or individual homes. There is also an information package available that you can pick up any time.

There is also a first-time homebuyer seminar at the Davidson Realty office building on March 2 at 7:00 PM hosted by Ron Gelinas of BB&T, Michelle Gonzalez an agent with Davidson Realty and myself. I hope to see you then. If you can’t make it, feel free to call me anytime at 904-940-5000 with questions about the tax credit.

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About the Author
Sherry Davidson
President of Davidson Realty

Since launching Davidson Realty in 1989, Sherry Davidson has built the firm to include nearly 60 agents and exceed $100 million in annual sales. She is known throughout the First Coast as an authority on all things residential real estate, having served on the Board of Directors for Northeast Florida Association of Realtors, Florida Realtors® (a division of the National Association of Realtors), and Builders Care (charitable arm of Northeast Florida Builders Association).

Thanks to Sherry’s leadership, Davidson Realty has been recognized as one of the state’s Best Companies to Work For (Florida Trend Magazine), as well as one of the region's Best Places to Work and 50 Fastest Growing Companies (Jacksonville Business Journal). Get to know Davidson Realty’s talented team of agents by clicking here or call us at (904) 940-5000.

Comments

  • Peyton Davidson | February 11, 2010 @ 9:40 am

    Everyone should really jump on this amazing opportunity. You can do so much with the money you get back, like repairs, built-ins, add-ons, and furnishing! I was able to tile and screen in a porch area, decorate a couple rooms, get new furniture and really make my house a home with the $8,000 I got back.

    If you don’t know if you will qualify for the tax credits visit: http://www.davidsonrealtyinc.com/tax-credit-open-house or call (904) 940-5000 for help.

    • Davidson Realty