Announcing the NEW Government Extended and Expanded the Tax Credit Program!

Want to Buy a New Home? Or Build One? - The Government Has Extended and Expanded the $8,000 Tax Credit Program!

Remember when the federal government introduced the $8,000 Home Tax Credit program for first-time home buyers?

Like me, you might have been skeptical about its effectiveness.

Well, I’m happy to report my skepticism wasn’t warranted. The program has been a resounding success, getting first-time home buyers into new homes and helping out the American economy at the same time!

Now, the news is even better!

The program has been so wildly popular that it’s been extended into 2009 and expanded to include second-time home buyers! Now, I know you want to get into a new home fast (or build one) so here are the details on the program. If you’re a first-time home buyer, the tax credit remains the same - $8,000. However, there’s been a fantastic change in terms of the income range. It’s been expanded as well!

The credit doesn’t begin to phase out until your modified adjusted gross income exceeds $125,000 for single filers or $225,000 for joint filers. The old phase-out thresholds were $75,000 and $125,000, respectively.

But wait…there is even better news if you already own a home but want to buy or build a new one!

The program has been expanded to cover you if you’ve lived in your current principal residences for at least five out of the last eight years.
Your maximum credit will be $6,500. Yeah, I know, it’s lower than that of a first-time home buyer, but, heck, it’s still a substantial amount of money! So, whether you’re a first-time home buyer or a current owner, contact me right now at 402.305.4335 or sclark@deebrealestate.com to learn the details of the program!

Please, please, don’t wait! The time for action is now, especially if you want to build a new home (it takes six months to get one up and going)!