Home Buyer Tax Credit Extended Until 2011

YES, you can still get $8,000 in government stimulus money for buying a home if you purchase your home by June 30, 2011.  Congress has acknowledged the unique circumstances affecting members of the military, the Foreign Service, and civilian employees stationed outside the United States for any 90 day period between December 31, 2008 to May 1, 2010. 

As a person who served, this is your opportunity to either buy your first home or move up to a better home and take advantage of the following:

• Low prices
• Historic low interest rates
• Government stimulus money that is no longer available to those who did not serve

These exceptions apply to both the $8,000 tax credit for first-time home buyers and the $6,500 tax credit for repeat home buyers.  They are available until June 30, 2011.

It is important to note that these are TAX CREDITS.  For example, if  before you bought a home you were entitled to a $2,000 tax refund, then after buying a home if you qualified for the first time home buyer tax credit, you would qualify for an additional $8,000.   In this situation your tax refund would increase to $10,000.

If you qualify and have owned a home during the last 5 years but want to move up to a better home you can get $6,500. Each person’s situation is different and you need to speak to a tax expert. 

If, however, you want a list of homes you can buy and get $8,000 from the government give me a call.

Jerry Raviol
West USA Realty
http://www.houseaz.com
602-695-5478