Is it too late to take advantage of the First Time Homebuyer tax credit?

We are coming closer to the end of the tax credit extension, but there is still time!

First, let’s review the details of the tax credit program. If you are a first time home buyer you may be eligible for a tax credit of up to $8,000! When they extended the credit they also expanded it.

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 best part of the expanded program is if you already own a home but want to buy a new one the tax credit program was expanded to cover you. If you have lived in your current principal residence for at least 5 years out of the last eight, you may be eligible for a $6,500 tax credit.

You MUST have a binding sales contract signed by April 30, 2010 and close on the property by June 30, 2010 at the latest.

Buyer’s, that gives us plenty of time to still find your dream home, but you need to call me ASAP so we can begin the process.Sellers, my average days on the market for 2009 were 38, so it is still possible to list your home for sale with me and have a binding sales contract in place by April 30, 2010.

So, whether you’re a first time home buyer or a current owner, contact me right now at 402-305-4335 or email me at Susan@goSusanClark.com to learn more details of the program.