Tax Credit Update

There have been many questions surrounding the home buyer tax credit.

1. Is it going to be extended?
2. What if I have owned a property before. Do I qualify?
3. How much is it?

I was happy to see that they not only extended this tax credit for first time home buyers but also added another credit for "move up" home buyers. To put it simply, a first time home buyer may receive up to $8,000. A first time home buyer would be someone who has never owned a property before or someone who has not owned property in the past 3 years. The "move up" buyer must have owned a home for at least 5 years consecutively while residing in this residence in order to receive up to a $6,500 tax credit.

All homes must be closed by July 1, 2010. This is an excellent opportunity to put your current home on the market and move up to your dream home! It is also the perfect time for buyers to get out there and jump into the real estate game! With interest rates so low and more inventory coming on the market, the real estate opportunities are endless.

Contact me today to find out how you can best use this tax credit to your advantage or help someone you know~

Holly Couture
720-839-1480 (cell)
www.hollycouture.com