If you have not owned a house in 3 years and do not make over $125,000 single or $225,000 couple, you qualify for the up to $8000 federal tax credit. This tax credit is for 10% of the sales price up to $8000. An example would be if you buy an $80,000 condo and when you do your taxes, lets say you would be due a $500 tax refund, you would add $8,000 to your tax refund and the government will send you a check for $8500! You must close on your home by June 30th 2010 and have a contract by April 30, 2010 to qualify for this tax credit.
If you qualify for this tax credit, and are thinking about buying a house, condo or loft, you would be crazy not to take advantage of this rebate. There are thousands of people sitting on the fence thinking about buying in Austin, but are wondering if prices are going lower. (We have hundreds of people registered on just our website getting automatically emailed listing) By the time the news media declares prices are heading up, you will miss the bottom by a significant margin. Get off the fence and take advantage of the best buying opportunity in decades before prices jump higher.
Interest rates are at 40 year lows, the government will send you a check for $8000, and we will throw in an extra $500!! This is a once in a lifetime opportunity.
