Greetings!

Are you eligible for the $8000 “first time homebuyers” or the $6500 “move up buyers” tax credit? Read on…you may qualify but the deadline to act is April 30, 2010. Buying a home in 2010 may just fit in to your New Year’s resolutions.

The “first time homebuyers” tax credit is available for the purchase of principal homes costing $800,000 or less, meaning vacation homes are ineligible. The credit would be phased out for single tax filers with annual incomes above $125,000 and for joint filers with incomes above $225,000.

“Move-up buyers” who buy a new home don’t have to purchase a more expensive home than their previous home to qualify for the $6500 tax credit, but they need to have lived in their previous home for at least five consecutive years of the eight years prior to the purchase of the new home.

For more detailed information on this program and how to qualify,  email me and click on this link for answers. http://www.federalhousingtaxcredit.com/ I can supply you with a list of condos and homes that would be available to you under these guidelines.

Happy Holidays to you!

Jenn Davis

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