Great Real Estate Opportunities
Right now there is a once in a life time opportunity to take advantage of a tax credit opportunity. The timing couldn’t be better to take advantage of this opportunity. The best place to take advantage of this opportunity is Wilmington NC Real Estate . This opportunity is available for any first time homebuyers, so all your readers of dwaynecoots.com really need to hear about this. Who can’t use an $8,000 tax credit? The tax credit is for those who have not owned a home in the last three years. The federal government is urging all qualified homebuyers to take action and nail down a written, binding contract as there will be no future extensions. The deadline is April 30, 2010. Closing is expected to take place before June 30, 2010. Approximately 2 million people have taken advantage of the housing stimulus that the tax credit provides in 2009. According to The National Association of Realtors News Release, dated 11/5/09, already added to the general economy resulting from the bill is an estimated $22 billion.
The hope is that this substantial $8,000 tax credit will help stimulate movement in the real estate sector and assist would be home owners into a new home in our current market. There are income limits for this plan. Income limits at this juncture are $125,000 for single persons, $225,000 for married couples this also includes a $20,000 phase out of the credit for both.
Also included in this opportunity are homeowners who have lived in a current home for at least five consecutive years of the last 8 years. These individuals can receive up to a $6,500 tax credit. So contact your tax professional or Carolina Beach Real Estate and take advantage of this once in a lifetime