Stacey-Ann's Blog

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Time is Ticking Away on the $8000 tax credit!

 

Any home over $80,000 qualifies for the full tax credit. Homes under $80,000 qualify for a credit of 10% of the purchase price (E.G. $65,000 home qualifies for a $6500 tax credit).

To qualify for the credit the purchaser & the purchaser's spouse must be first-time home buyers.

Any single person who makes less than $75,000/per year ($150,000 for a married couple) qualifies for the full credit.  The credit phases out at higher income levels.

The tax credit does not need to be repaid provided the buyer does not sell the home within 3 years.

Though there was much talk, this tax credit cannot currently be used as a downpayment.

The 2009 $8000 tax credit expires on December 1, 2009. To qualify for the credit the real estate transaction must go to closing prior to the December 1 deadline.

If you are ready to purchase a home in Maryland give me a call.

If you or someone you know would like information about buying, selling, or renting a home in Prince George's, Montgomery,  Charles, Calvert, Anne Arundel, Howard, and/or Baltimore Counties please contact Dr. Stacey-Ann Baugh of Century 21 New Millennium.

 

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Donations made to charity with every successful closing!


Dr. Stacey-Ann Baugh

Century 21 New Millennium

www.LiveinPGCounty.com

staceyannbaugh@gmail.com

240-481-3565 (C)

202-546-0055 (O)

 

FINALLY!  A DOCTOR WHO MAKES HOUSE-CALLS!

 

Information deemed reliable but not guaranteed! 

 

 

 

Comment balloon 5 commentsDr. Stacey-Ann Baugh • September 04 2009 08:59AM

Comments

Nice clock! Buy now and avoid the rush of last minute price increases!

Posted by Associate Broker Falmouth MA Cape Cod Heath Coker, Heath Coker Robert Paul Properties Falmouth MA (http://www.CapeGroup.com & http://www.REindex.com) almost 9 years ago

Stacey-ann, With any luck we'll replace this clock with a brand new one. Keep your fingers crossed.

Posted by Greg Saffell, Real Estate Professional Tucson, Oro Valley AZ almost 9 years ago

LOVE THE CLOCK!  Are you seeing a rush of last minute shoppers yet?

Posted by Renée Donohue, Las Vegas Real Estate Broker - www.urLVhome.com (Savvy Home Strategies Realty, LLC-REALTOR®-Estate-Probate) almost 9 years ago

Neato.  That is a great clock.  You know how in some cultures clocks are bad luck, hopefully this one will be a benevolent one.  Don't forget to tell your buyers as well that they have to close before the deadline.  There is actually less time than we think.  

Posted by Brian Griffis (Realty Choice) almost 9 years ago

Heath - I wonder if there will be last minute price increase

Greg - I am not feeling too hopeful

Renee - I am beginning to see some real activity

Brian - Especially since loans are taking so much longer to close these days.

Posted by Dr. Stacey-Ann Baugh, A doctor who makes house calls. (Century 21 New Millennium) almost 9 years ago

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