Stimulus Tax Credit For Homebuyers

Attention all first time homebuyers! The recently passed American Recovery and Reinvestment Act provides for an $8,000 tax credit for first time homebuyers who buy a primary residence between Jan. 1 and Dec. 1 2009. Unlike the $7,500 credit enacted last year, this one doesn't have to be repaid, unless you sell your home within three years. This credit phases out for taxpayers whose AGI exceeds $75,000, or $150,000 for married couples. Please be sure to contact your tax advisor for further details! RIGHT NOW is an excellent time for first time homebuyers in the Grand Valley. Interest rates are low, prices are reasonable, sellers are willing to work with buyers, and the tax advantages are excellent! Please don't hesitate to contact us for further information!