Home Buying Tax Credit: It is Time to Have Your Own Home
If you are recently rent an apartment or flat, it might be the right time to get your own home. To help first time homebuyer and young couple, Federal Government offers homebuyer tax credit stimulus. It is designed to help first time homebuyer to be able to secure their home buying and stimulate real estate industry.
This is the right decision since real estate industry is 21% of our GDP and every home sold, it will creates new job opportunities and stimulate local economics. Moreover, the homebuyer tax credit will be extended. As a first time home buyer, you could be eligible to up to $8,000 tax credit when you buy a home worth not more than $800,000. Here in Coldwell Banker website you can find learning center to help you get Home Buying Tax Credit. You will find a useful article with brief information about this stimulus package and how you could eligible for it.
Coldwell Banker has an interesting video presenting everything you need to know about real estate benefit from homebuyer tax credit. In this video, they mentioned that you are eligible if your income is more than $125,000 for singles and $225,000 for families. The home you buy must become your principal home where you should live in for minimum 5 years period. If you are willing to get more information about this stimulus, don’t hesitate to come and contact Coldwell Banker.