FREE-$7,500 for first time home buyers! Come and get it!

The Housing and Economic Recovery Act of 2008 is here and you need to take advantage of it.

***Click here to read the frequently asked questions.*** Check with your tax preparer to make sure you qualify.

Yep that’s right it is FREE Money and no one likes FREE money more than ME. If you are a first time home buyer you are now entitled to a tax credit up to $7,500 from the federal government.

Question: How is the credit amount figured? 10% of the first $75,000 spent on the home you buy is the amount of the credit. If you spend less than $75,000 on a house then you will receive 10% of the amount spent. Example: If you buy a Parker Colorado home for $50,000 (doesn’t exist) your credit will be $5,000.

Client Testimonial of the week:

“Thank you for being a patient REALTOR and helping us find a great first home!” Jamie and Katie, Highands Ranch, CO. June 2008.

Question: What is a first time home buyer? Anyone that has not owned a principle residence in the last three years is eligible.

Question: I own a vacation home does that disqualify me? NO. Vacation homes do not count against you.

Question: I just got married and my wife owned a home several years ago can we get the tax credit? As long as each home buyer has not owned a principal residence in the last three years they can be eligible for the tax credit.

Read the full FAQs here.