Scarborough & Associates Realty

Congress has recently passed an Economic Stimulus Package that includes changes to the existing first-time homebuyer tax credit that was enacted in July of 2008. The centerpiece of the bill is an $8,000 first-time homebuyer tax credit if you purchase a home between January 1, 2009 and December 1, 2009. This is a unique opportunity for new homebuyers to capitalize on today’s exceptionally low interest rates and low prices. Perhaps more than ever in American history, it is a buyer’s market.

THE 2009 HOMEBUYER TAX CREDIT AT A GLANCE…

Nothing to Pay Back – This is Direct Stimulus to You!
Single Taxpayers Earning up to $75,000 Per Year and Married Couples Earning up to $150,000 Per Year Qualify for the Full Tax Credit.
The Credit is Available to All First-Time Buyers, and to Buyers Who Have Not Owned a Primary Residence in the Past Three Years.
Tax Credit Equal to 10% of the Home’s Purchase Price up to a Maximum of $8,000.
Credit Available on Homes Purchased On or After January 1, 2009 and Settled On Before December 1, 2009.

The program ends December 1, 2009 and it could be decades before it happens again. For further details and answers to Frequently Asked Questions, please visit www.FederalHousingTaxCredit.com

$8,000 Tax Credit!