Hurry! To take advantage of the tax credit for first time home purchase, you must be in your new home by Nov. 30, 2009!
The $8,000 tax credit for first-time home buyers should entice some first-time home buyers to “jump-in” and buy a home.
*The borrower must agree to homeowner counseling by a DOJ approved debt counseling agency
*Available only to first-time home buyers
*The tax credit is not a loan and does not require repayment(If the home is sold within 3-years, the $8,000 tax credit must be re-paid)
*The tax credit reduces the home buyer’s tax liability; if the buyer’s liability is less than $8,000, the remaining credit will be issued as a check
*Home purchase must be for a primary residence
*The credit is available on home purchases between January 1, 2009 and December 1, 2009
*If you are single and make $75,000 or more, or are married and make $150,000 or more, you do not qualify for the tax credit
*The credit is not eligible if the seller is a relative of the buyer
If you or anyone you know might be interested in this incredible opportunity to purchase a home, please contact a member of My Arizona Home Team for more details!!