Thanks Penny for sharing this valuable homebuyer information.
Raleigh Relocation Package
Home Buyer Tax Credits - Differences Between Programs
Explaining the 2008 Program Versus 2009 Program - How Do They Work?
Walter Updegrave, Senior Publisher of Money Magazine, has written an excellent explanation and comparison of the two very different tax credits for first time homebuyers.
Did you buy a home between April 8, 2008 and December 31, 2008? Walter explains how the 2008 homebuyer tax credit works, and what the difference is between buyers who purchased last year, and those who plan to buy a new home this year.
Bought a home after January 1st, 2009? Walter talks about how you can use the Home Buyer Tax Credit on your 2008 returns - and possibly get a huge return this year instead of next year! But be aware - this program has an unexpected expiration date.
Read the full story here.
And remember - there is a loophole on the new tax credit. Homebuyers will qualify for the $8,000 credit if they haven't owned a home for the past three years.
Julie E. Chapman, REALTOR®, Broker
Chapman Realty
Brunswick, Georgia 31520
912-280-0088 Office
912-270-6767 Cell
Web: http://www.juliechapman.com
eMail: chapmanrealty@yahoo.com
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Many folks over look the three year loophole and think the credit is for Very first time home buyers.
Cameron,
We have a buyer that has a sale scheduled to be 3 years after the date of the sale of their last home.....