One of the biggest wins for first-time home buyers in last week's economic stimulus bill is a tax credit up to $8,000 for qualified purchases of a primary residence. Increased from last year’s original $7,500 home buyer tax credit, this new incentive does not have to be repaid, making it a true tax credit rather than an interest-free loan.
The National Association of REALTORS® estimates there will be an additional 300,000 home sales because of the credit, which NAR Chief Economist Lawrence Yun says will help reduce inventory levels and stabilize prices in many parts of the country. To learn more about the home buyer tax credit and eligibility requirements, visit
www.FederalHousingTaxCredit.com.
Talk to me about how you can take advantage of this incentive this year instead of at tax filing time next year. If you pick new housing you can also use the $6,000 Utah funding with this $8,000 tax credit.
Call me today so that I can help you get into a home right away with interest rates so low. (801-676-5700)
