American Recovery and Reinvestment Act with an Enhanced Tax Credit
Provides Outstanding Opportunity for Home Buyers!
In its efforts to stimulate the economy and revive the housing market, Congress has enacted legislation providing a tax credit of up to $8,000 for first-time home buyers. Unlike the $7,500 Home Buyer Tax Credit enacted last year, this credit does not have to be repaid.
For this tax credit, time is of the essence for buyers who want to take advantage of this opportunity. Only homes purchased on or after January 1, 2009 and before December 1, 2009 are eligible. While this has been called a "first time" home buyer's tax credit, its important to note that "first time" is defined as the purchaser (and purchaser's spouse) may not have owned a principal residence in 3 years previous to purchase.
Our Sales and Broker Associates at RE/MAX Northern Edge Realty are all well-versed in this tax credit and can assist you in your search to buy a home. Is this a great time to buy - of course!
Contact me directly at (603) 723-0521 or matthewmartel@remax.net
