First Time Homebuyers in Jacksonville and Orange Park: How the $8,000 tax credit works for you

I'm sure you've heard about one form or another of the tax credit for first time homebuyers. If you've heard about the tax credit of $7500 from last year, throw that out the door and listen up! The new one is better! Here's a brief gist of the tax credit:

• The new one is 10% of the price of the home, up to $8,000.
• YOU DON'T HAVE TO PAY IT BACK! As long as you don't sell the house within 3 years of getting the credit.
• It's for properties (owner occupied)purchased between January 1, 2009 through December 1, 2009
• If you own a mobile home, even if you rent the lot, you DO NOT qualify for the tax credit. I called and heard it from the horse's mouth!
• There are income restrictions

Here's the best part, just in case you're not sure how this credit works, let's say you do your taxes next year for 2008, and if you get a refund of $1,000 (just throwing a number out) if you bought a house and you qualify, you would get a refund check of $ 9,000! Nice. Or let's say you owe a $1,000 *YUCK* you'll no longer owe and you'll get a refund for $7,000! You can visit the IRS and get more information.

This is exciting! More homes to choose from, low interest rates, affordable housing prices and an $8,000 tax credit to boot! Plus you're helping the economy. Are you ready to buy? Not sure what to do next? Let me help, first time homebuyer's are my speciality! You can call me at 904-910-3516 or contact me online.

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