Latest United States Stimulus Package includes
$8,000
in FREE MONEY
for 1st Time Home Buyers
Explains Realtor Sherry M. McDonald
The House and Senate have reached a compromise on the
economic stimulus legislation (H.R.1). Here
is an update on the Home Buyers Tax Credit.
Keep in mind that the effective dates for this program are January 1,
2009 through November 30, 2009. Sherry
can show you how to get that refund money NOW!
Amount of Credit Maximum credit amount is $8,000
Eligible Properties Any single family residence that will be used as a principal residence (including condos and townhouses)
How the Refund Works Reduces or eliminates the borrower’s tax liability for the year of purchase. For example, if you would have owed $9,000 in taxes you will now owe $1,000. Conversely if you would have received a refund of $1,000, you will now receive a refund of $9,000.
1st Time Home Buyer Limits A purchaser must not have owned a principal residence in the 3 years prior to the purchase.
Re-payment The tax credit DOES NOT have to be repaid unless the house is sold within three years. In this case the entire amount will be recaptured on the sale of the home.
Call Sherry today
for more details on this FREE MONEY tax credit.
There has never been a better time to buy!
Sherry M. McDonald
Licensed Real Estate Salesperson
Seniors Real Estate Specialist
Direct 716-444-6109
Voicemail 716-743-6287