You have probably heard about the first time home buyer credit. The old rules were you received $7500 tax credit that needed to be repaid over 15 years on your taxes. To me that's a interest free loan versus a true credit. Well home buyers you asked for it and now we have it.
If you are a first time home buyer and purchase prior to December 1, 2009 you will received $8000 in free money. That's right free, no repayment.* Now you are probably thinking I dont want to have to wait until I file my taxes next year to get that $8000. Even better news, you dont have to.
That's right if you have purchased the home prior to April 15, 2009 you can contact a CPA to have them amend your 2008 taxes and get you that $8000 as soon as you close on your new home. Already purchased a home this year and need help amending your 2008 taxes? Contact Gail Joubran your Orlando CPA, Certified Public Accountant at beancounter15@hotmail.com or 407-324-6181
So lets see what can you do with that $8000 of free money, purchase furniture for your new home, remodel the new home, go on a trip, borrow money from your parents for a down payment and repay them right away with your tax credit. Want more creative ways on how to apply this $8000 to lower your payments on your new home? Then contact your Orlando & Lake Mary area First Time Home Buyer Specialist, Heather Joubran Heather@heathertherealtor.com or call at 407-810-6304.
* You must keep the home for 3 years otherwise you must repay the funds.
As a first time home buyer specialist I can help you find down payment assistance, find that perfect financing that meets your needs and find that perfect house to call your first home.
Heather Joubran, GRI, NRBA, CLHMS, CDPE
RE/MAX Central Realty
www.HeatherTheRealtor.com (407) 810-6304
Specializing in First Time Home Buyers, Short Sales, Bank Owned Real Estate, REO & Foreclosure Properties
Servicing Real Estate Needs in: Lake Mary, Longwood, Winter Springs, Sanford, Altamonte Springs, Oviedo, Orlando, Downtown Orlando, Thornton Park, College Park, Winter Park, Maitland, Windermere, UCF, Lake Nona, Baldwin Park, Apopka, Ocoee & Winter Garden
Heather...
I don't think that most homebuyers don't know that they can get the credit right now ... thanks for passing on the information.
There are also a lot of "green" tax deductions out there. I believe you can recieve 30% off off your upgrades like new windows, insulation, new door, energy effecient appliances, etc., up to $1300 (I think). Thanks for sharing.
Heather - There is so much "false" and confusing information out there, First time home buyers really do need to talk to someone who knows the facts.
Good Job!