If not, please read below my February newsletter:
"Coldwell Banker Residential Brokerage February, 2010 – There has been a lot written about the First time Homebuyer Tax Credit. Other articles have focused on the Move-Up buyer. But many are still unaware that the Tax Credit also applies to people who are downsizing. Who do you know who has been in their home at least 5 years, but for whatever reason, would like a little less home? For many, the thought of moving after being on one place for many years can be overwhelming. Also overwhelming can be the care and up keep of a property that may not suit our needs as well as it did when it was first purchased. For some, it may mean moving closer to family. For others, it may mean staying in the same area, but in a new home that fits their needs a little better. For still others, it may mean freeing up some equity to supplement their retirement income. It may also mean a $6500 tax credit! If you would like more details about the housing tax credit or a Q&A going over the most common questions, please give me a call. I’d also be happy to send it to anyone you know who might want more information. Finally, it’s good advice to always check with your tax professional whenever you are thinking about making a major decision. Taxes, eligibility and how tax credits are applied are different for all of us. There is an April 30, 2010 deadline for getting a home under contract for the Tax Credit and it must close by July 1, 2010. So, because of the deadlines, there is an urgency to get this information out. The tax credit applies to principal residences only. Who do you know who needs this information?"
I look forward to talking with you soon.
Diane Raynor Aune, CRS
Associate Broker
Coldwell Banker Residential Brokerage
520-977-0226
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