Questions Answered About the $8,000. Homebuyer Tax Credit
Rob Dietz, Ph.D. discusses the $8,000 first-time home buyer tax credit in this video interview provided by the National Association of Home Builders.
What does the $8,000 tax credit mean for you?
- Buy a home and you may qualify for the $8,000 tax credit on your 2009 taxes
- Even if you don't owe $8,000 in taxes, you may receive a refund check for the difference
- You or your spouse can't have previously owned a home in the last 3 years
- You cannot make more than $75,000 adjusted gross income, or if married, $150,000 adjusted gross income
- The home that you purchase has to be your primary residence
- If you sell the property within 3 years, you will have to repay the money back to the government. If not, the money is yours to keep with no strings attached.
- Consult your tax advisor for more details.
- Consult your local expert Realtor® when you're ready to start shopping for that new home!
Hi Debe - I saw this video. He did a nice job with explaining all the details.
That pretty much sums it up. Thanks for sharing to info, Debe. Hope yuo have a great week end and happy selling.
Great info Debe, think that I am going to reblog it!
Excellent info and great easy to understand video.
Well done Debe!
This needs to be required reading / watching for anyone who is sitting on the fence and waiting to buy their first home.
Debe --- this is great --- I'm going to re-blog as well ---thank you for sharing this.
Bill: I think he did as well! I read that only about 50% of the potential first time homebuyers even KNOW about this so, I thought I'd blog about it to spread the word. This is a fantastic offer and won't last much longer!
Charles: Well, thank you! Rob Dietz did it all for me! I seriously just want to get the word out there for all first time homebuyers to have the knowledge that this won't last forever!
Travis: Thanks so much for the re-blog! The more, the merrier, right?!
Craig: I am SO with you on that! EVERYONE needs to spread the news so that first timers can take advantage of this great offering--and NOW!
Don: Have at it--it's a free download from YouTube and the NHBA provided me the idea!
Mama Liz: Thank you for re-blogging--the more exposure this offer gets, hopefully some of these first time homebuyers will jump off the fence in the next couple of months--as long as they're moved in by Dec. 31!!
Debe: Thanks for posting.. I just had a closing today where they are getting the $8,000 credit.
Roland: You're welcome! How wonderful to be able to see this stimulus in real-life-action! Kudos to your clients and congratulations on your Closing!
Have a great weekend...
Debe: Thanks so much for the video. This is the best explanation of the Tax Credit program that I have seen. Thanks for sharing...
Thanks Karen! I wish I had produced it myself--you're right, it is a great presentation!
Have a great weekend...
Hi Debe! The video is one of the best I have seen to explain the tax credit, there is so many buyers that do not even know about the $8000 tax credit and hopefully we will reach them. It is a once in a lifetime opportunity for buyers. I have re-blogged this and hopefully we will reach many more that do not know about the tax credit. Thanks for posting.