Ah, to be a 'first-time' home buyer in 2009!! What a wonderful, wonderful opportunity. Did you know any person that has not owned a home in the last three years may qualify for a tax refund up to $8,000? It is true!
There are certain income limits and rules related to home occupancy but - in a nutshell - a qualified buyer could get a 10% tax refund on the purchase of a primary residence - not to exceed $8,000 maximum.
To illustrate: Purchase a $50,000 home and get $5,000 back. Purchase an $80,000 home and get the maximum of $8,000 back. Purchase a $125,000 home and receive the maximum - $8,000.
This is a great, great deal! Not certain if you qualify? Call me and we'll find out!
Take care -
Jon Drews
Associate Broker with Century 21 Vista
(218) 770 35000
1 comment:
Great article and very informative about the real estate market in that region. Its the same out here in the east coast.
Jim
http://firstbostonrealty.com/
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