Bell Lake Vista (Land O Lakes, FL)
By Stephanie LeFew, Making Real Estate Easy for You-It's all about You
(Coldwell Banker, Tampa FL)
President Obama signs into law -- Current homeowner tax credit:An existing homeowner who purchases a home may now claim a tax credit of up to $6,500. To qualify, that owner must have owned and used the same residence as a principal residence for any consecutive five-year period in the previous eight years. · This new tax credit is effective immediately. Eligible homebuyers do not have to wait until Dec. 1 to close in order to qualify. · Personal income limits, maximum home value, and contract/closing deadlines are the same as those for first-time homebuyers - Here is what is what is in place for First time home buyers :income limits rise to $125,000 for singles and $225,000 for married couples; up from limits effective through Nov. 30 of $75,000 for singles and $150,000 for married coup...
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Land O Lakes, FL Real Estate Professionals