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Current IRS Tax Credit Guidelines

With the spring market just beginning for residential homes and condominiums, most first time buyers and repeat buyers will be eligible for substantial tax credits on their 2010 tax return. But the purchased properties must be under contract by May 1st and must close by July 1st of 2010. Other restrictions apply, so read carefully from the IRS guidelines to be sure you are in compliance. The credits, up to $8,000 for first time buyers and up to $6,500 for repeat buyers, offer an opportunity that may not be available again anytime soon. Contact me to discuss further how this advantage can work for you. This is an ideal time to begin your property search, so you have sufficient time to find the home or condo that’s just right for you. I’ll make a careful assessment with you and help you review all pertinent properties, so you can make a well informed choice that will be personally satisfying and financially appropriate.