Ever since the federal government extended the first-time homebuyer credit and added a $6500 credit for other buyers, there’s been lots of confusion.  Luckily, there is an abundance of great information, including that provided by Boulder Realtor Jennifer Egbert of Walnut Realty.  In her recent “awesome breakdown” of the tax credit, she reminds us that now may just be the time:

Listen, home prices are stabilizing.  Interest rates are at historic lows.  If you have given ANY THOUGHT to purchasing your dream home, now is a KILLER time to be doing so.

Former homeownership record (you must have owned and lived in your home for at least five out of the last eight years), income (no more than $125,000 single/$225,000 joint), and contract dates (under contract by April 30, closed by June 30) are key to this credit, which covers domiciles from condos to townhomes to single-family homes.

Ready to take the plunge?  Our sales staff can help!  Click here to view our hot homes and contact Boulder Creek Life and Home for information on your new home!

Great news:  the first-time homebuyer credit has been extended! Here’s what you need to know about taking advantage of this credit to purchase your new home:

• Deadlines:  In order to take advantage of the credit, your home must be under contract by April 30, 2010 and must be closed upon by June 30, 2010.
• Restrictions:  The home must be used as the purchaser’s primary residence and is fully refundable.  Income limits are $125,000 for single persons, $225,000 for couples.  The credit is only valid on residences purchased for less than $800,000.  Primary residences including condos, townhomes, and single-family homes are eligible for the tax credit.
• First-time buyers:  Under the rules, “first-time buyer” is defined as a person who has not owned a home in the last three years.
• Repayment:  Beneficiaries of the credit need not repay itif they live in their new home for three years or more.

What this means for you:  Now is the time to buy!  Boulder Creek Life and Home has plenty of great options for an energy-efficient first home.  Visit our web site for more information our our low-maintenance communities.