Thursday, March 25, 2010

Don't Forget about the Tax Credit!

kitsap county, bremerton, silverdale, real estate

Do you hear that? That's the clock, and the time you have left to use the $8,000 tax credit is ticking away.

Act fast so you can take advantage of it!

  • First time home buyers may be eligible for up to $8,000. Cannot have owned a residence within the past 36 months.
  • Current owners may be eligible for up to $6,500. Must have owned a primary residence for 5 consecutive years during the last 8 years.
  • Any contract signed before April 30th, 2010 is eligible. Must close by June 30, 2010.
  • Single filers can earn up to $125,000 to be eligible for the whole amount. Those earnings up to $145,000 can receive partial credit.
  • Joint filers can earn up to $225,000 to be eligible for the whole amount. Those earning up to $245,000 can receive partial credit.
  • Maximum sales price is $800,000.
  • Primary residence only.
  • No repayment required unless the home is no longer the primary residence at any time in the first 36 months.

Do not miss this opportunity to help you get into the home you've always wanted.
For more information and help finding your dream home, please call Karin Kay Properties at 360-479-7653.

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