When buying Real Estate in Sedona... Remember your Tax Credit

OK. Since so many people are in the throngs of buying property in Sedona... let's remember the Tax Credit incentives.. If you are a renter and would like to buy a First Home in Sedona or the surrounding areas of Cottonwood, Camp Verde, Cornville, or Page Springs... remember the $8,000 tax credit. This tax credit has been extended up until June 30th, 2010 and give a credit up to 10% of the purchase price or up to $8,000.00.

And the one that can help Sedona Buyers even more - for let's remember we are primarily a second home market place is for qualified buyers of a second or "replacement" home under the same deadlines... And that credit is up to $6,5000 or 10% of the purchase price. To qualify, home purchasers must have owned and occupied a primary residence for five consecutive years during the last eight years.

There are other important guidelines to meet in order to qualify, so be sure to discuss your situation with a tax professional. And don't forget, you can still buy a home before April 30th and qualify - even you've already filed your 2009 taxes.

For all you buying and selling needs in Sedona Real Estate or Sedona Homes for Sale, I can be reached at barbara@barbarabaker.com, or at www.barbarabaker.com or on FB at Barbara Hooyman Baker, or the old fashioned way - 928-301-0669.