$8000 First Time Homebuyer Tax Credit

If you are a first time homebuyer and make less than $75,000 as a single person or less than $150,000 as a couple buying your first home just became a WHOLE LOT EASIER!!! Actually if you fall into the qualifying income brackets and you have not owned a home in the past 3 years you may also qualify for this TAX CREDIT!!! The mortgage relief plan recently unveiled offers an $8000 tax credit that does NOT need to be repayed !!! It is cash to put towards a downpayment or help buyers with the first 6 months of owning a home!!! Now I am not an accountant/CPA so please consult with your tax adviser before calling me to write an offer , but below I have detailed some of the great breaks for those who are in the market for their first home!!!

$8000 tax credit highlights include:

The $8000 tax credit is available only to first-time home buyers
The $8000 tax credit is available only when the first-time home buyers buy a primary residence
The $8000 tax credit is available only to first-time home buyers buying a primary residence between January 1, 2009 and December 1, 2009
The $8000 tax credit does not require repayment
The $8000 tax credit is claimed on a tax return and reduces the tax liability. If the credit is more than the tax liability, the unused credit will be issued as a check to the person claiming the credit
If you sell the home within 3 years, the entire $8000 tax credit is recaptured
For those of you who have been asking questions about the possible tax credit - the good news is that we now know what has been passed into law.

787 Billion Dollar Government Stimulus Plan

Many of us are wondering where we can find out more information regarding the 787 Billion Dollar Government Stimulus Package so I have provided the following site addresses just paste them to your browser and hit enter to go to the info pages.

http://www.recovery.gov

For More Detailed Information

http://www.usaspending.gov/index.php

75 Billion Dollar Mortgage Relief Plan

http://www.youtube.com/watch?v=MsgdikszLnQ

Adashun Jones Real Estate

Hi ALL!!!

This is my first attempt to create a Real Estate related blog which will hopefully allow prospective buyers and sellers to share their opinions, experiences and questions with both myself and those who visit this site. Thanks in Advance for any input !

-Buy It - Sell It - Build It

-Kevin Jones

Adashun Jones Real Estate
Signature Homes By Adashun Jones
1028 S. Main St.
Fond du Lac WI
(920) 251-6748

Adashun Jones Real Estate
Signature Homes by Adashun Jones
950 Witzel Ave
Oshkosh WI
(920) 251-6748