A report by the Government Accountability Office finds that Florida ranked third in the number of first-time buyers who qualified for one of the three IRS tax credits, with 64,879 buyers making the claim. The study includes all three credits authorized by Congress. In dollars and cents, that means Florida residents received $455,565,365 offered under […]
Category Archives: tax credit
Congress gives homebuyers more time to close for tax credit. Obama signs extension bills
On July 2, Pres. Obama signed into law HR 5623, the Homebuyers Assistance and Improvement Act of 2010, which extends the homebuyer tax credit closing date to Sept. 30, 2010, for qualified buyers with a purchase contract that was signed by April 30, 2010. He also signed HR 5569, which retroactively reauthorizes the Federal Emergency […]
Lawmakers consider home tax credit extension
WASHINGTON – June 11, 2010 – Homebuyers may get an extra three months to finish qualifying for federal tax incentives that boosted home sales this spring. Senate Majority Leader Harry Reid, D-Nev., said Thursday he wants to give buyers until Sept. 30 to complete their purchases and qualify for tax credits of up to $8,000. […]
Real Estate Tax Credit (Free Money)
According to the national association of Realtors only 11% of the American public knows about the real estate tax credit. WOW! I’m shocked it so low! If you have not heard the government is offering an $8,000 & a $6,500 tax credit to buyers who buy a home. The $8,000 is for 1st time buyers, […]
Historic Kenwood Dream Home!
Now setting up showing for this weekend! With only 43 days to the end of the real estate tax credit! $8,000 for 1st time home buyers or $6,500 for move up buyers! Don’t let this opportunity slip through your fingers. Historic Kenwood Neighborhood 3/2/2 built in 1928 for $5,000, now yours for $239,900. Real estate […]
First Time Homebuyers $8,000 Tax Credit – New Form and Some Delays
The IRS released the form Tax credit form 5405 “first time home buyers” What this means is there have been a whole lot of very frustrated people waiting for the first time homebuyers $8,000 tax credit. I don’t think most people buying a home anticipated the IRS would wait a little over 2 months to […]
December 2009 MLS Stats for Pinellas County FL
Lot’s of great info here! Take a look at the number of active homes on the market today compared to the past couple of years. The median home price is also on the rise. If we see the unemployment rate go down we could see a much faster recovery in Pinellas County. The number of […]
$6,500 tax credit concerns. Must current home be sold to qualify?
By Benny Kass, Tuesday, January 5, 2010. Inman News DEAR BENNY: My wife and I are considering a move to Arizona. As we have lived in our current townhome for six years, I am sure we would be eligible for the homebuyer credit of $6,500. What I cannot find is any reference about if and […]