The clock is ticking, tick-tock, tick tock, and if you don't find a home to buy soon, you will miss out on up to $8,000 free money. 85 days will go super fast.
Offers must be accepted by April 30th, and the closing must take place by June 30th if you want to take advantage of the stimulous program's up to $8,000 tax credit.
10% of sale price up to $8,000 for buyers who have not owned a home in the past 3 years, and up to $6,500 for buyers who have owned a home for 5 of the last 8 years. Buyers must purchase an owner-occupied property. Can't use it for investment properties. A duplex you will occupy qualifies.
If you've filed your 09 taxes, you don't have to wait till 2011 to get the tax credit, you can immediately ammend your return after your closing and get the benefit right away.
I'm licensed in Wisconsin and Minnesota, but even if I can't do your loan, you can still call me with questions. I've done massive research on this program and am here to help.
As mentioned in my prior post - if you're thinking of selling this year, DON'T WAIT! If you wait to list your home till May, you've just missed a ton of motivated buyers who needed to get their offers accepted by April 30th. Call a Realtor today and get your home on the market. You may be able to then buy and get the $6,500 repeat buyer credit.
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