REMOVING BARRIERS Opening Doors
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Real Estate Questions Answered.
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| Here’s what’s new in the world of real estate:
A new tax credit is available for first time homebuyers who purchase a primary residence between July 9th, 2008 and June 30th , 2009. The tax credit is 10% of the home’s value up to $7,500.00. (This is not a deduction, but a dollar for dollar credit towards money owed the I.R.S. or to increase a tax refund):
A.The bill defines “first-time homebuyer” as an individual or married couple that has not owned a primary residence for three years immediately preceding the home purchase.
B.A phase out of the credit begins for individuals with adjusted gross incomes of $75,000.00 and $150,000 for couples.
C.The credit is not actually a “credit”, but rather an interest free loan from the U.S. Government. It must be repaid with fifteen annual installments or when the property is sold.
D.An example: Compared to a buyer who financed the $7,500.00 with a 30 year mortgage at 7%, a buyer would save $8,100.00 in interest by utilizing the tax credit (versus the eventual cost of the mortgage).
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Punta Gorda ~ Port Charlotte
Florida ~ Real Estate
Hi, I'm Dave Paulson and I'd like to welcome you to our website. I'm very active in the Florida Real Estate market and have been for over 30 years. I have never seen so many fantastic opportunities to buy a quality home at such a great price! If you are looking for the right home, in a pristine, ready to move in condition, now's the time!!
For the past 7 years I've been located right here in Southwest Florida and loving it! Give me the opportunity to show you true value, in this, the most beautiful area in Florida.
On This Site You Can ...
There's a lot of information to be found here and I hope you find this site not only helpful and enjoyable but very easy to use.
Again, thanks for visiting!
Dave Paulson |
Toll Free To My Direct Line
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