Portland Real Estate First Time Buyer Credit
Are you going to take advantage of the $8000 refundable credit by purchasing Portland Real Estate?
President Obama has signed the economic stimulus package which includes a gift for first time home buyers. Information is pouring out about the details, with Zillow reporting here and CNN reporting here.
Basically first time home buyers who purchase a property between Jan. 1, 2009 and Nov. 30, 2009 will get up to $8,000 refunded to them when they file their taxes. This means if you owe $2,000 at the end of the year, you will get back $6,000. If you were going to get back $2,000 you would get back $10,000.
The amount is restricted by your income: up to $75,000 for single filers and $150,000 for joint returns.
Give me a call for more information. Hopefully we will have more information on the details in the next few days. I’ll try and get Dawn Lind from Mortgage Trust to drop some knowledge about the whole thing as well.
By the way, you should start your search for Portland Real Estate today and get things rolling for your $8,000.
