TAKE ADVANTAGE OF TAX CREDIT

From the desk of:



Rich Storey

615.260.8028

RichStorey@theuptowngroup.com





Attn: First Time Home Buyers



If you are reading this blog and know someone who is currently considering a home purchase and is considered a FIRST TIME HOME BUYER....please forward this info.



This offer EXPIRES July 1, 2009.



A First Time Home Buyer is considered to be anyone who has not owned a home in the previous 3 years and will qualify for the incentive.



There has been a tax incentive rolled out by the federal government that first time home buyers need to be aware of. Please visit http://www.federalhousingtaxcredit.com/ for full details.



The tax credit is among several provisions included in landmark housing legislation enacted into law last month that will help get housing and the economy back on their feet.
The Web site contains useful information on how the tax credit works, including eligibility requirements. To date, the site has attracted 116,000 unique visitors, or about 10,000 per day. It includes details and questions and answers on how home buyers can use the credit and is divided into four sections:


- Tax Credit at a Glance. This provides a brief overview on how the credit works.
- Frequently Asked Questions. A clear to read question and answer format contains basic information about the tax credit, including the definition of a first-time home buyer, what type of homes qualify for the tax credit, what are the income limits to qualify, payback provisions and more.
- The Law’s Other Provisions. In addition to the tax credit, this section summarizes a number of provisions in the Housing and Economic Recovery Act of 2008 that will help prevent foreclosures, reinvigorate the housing market and strengthen the nation’s economy.
- Home Buyer Resources. Provides online resources to make the buying process smoother.



Don't delay........