Dear Bloggers, it’s almost February and real estate has been “wild”. Its like someone opened the flood gates for action – and I know why!
Here’s why -Tax incentives stimulate economic activity ( my kids would say ‘da”). This is especially true in the business of real estate. The current $8000 new home buyer tax credit has increased sales drastically. Experts say that this home buyer credit will not be extended for a 2nd time.
But there’s another tax credit out there too few homeowners know about. Many home buyers that do not qualify as a new home buyer may now earn a $6500 tax credit when buying their home for a very limited time.
There is a new benefit out that was first introduced when the $8000 was extended last Nov. This 2nd tax credit allows repeat home buyers and current home owners a credit of $6500 IF they buy their next home before April 30. To qualify, the home owner must have lived in their home for 5 out of the last 8 years. There are also income qualifications.
There is no requirement that you sell your home before you buy a home. However, many homeowners prefer to sell their home before they buy. Since, it typically takes 3 months or longer to sell a home in our area, – please act quickly to take advantage this offer before it disappears forever.
To find out more about both the first time home buyer tax credit and the repeat home buyers credit or if you are buying or selling real estate in the Raleigh or Cary area, please e-mail me at firstname.lastname@example.org or call 601 7710
Thanks for stopping by – I hope your year is going great. Stop by again soon. God Bless you and yours