First Time Home Buyers Need To Act Now -Boise Real Estate
If you have been wondering if now is the time to jump in to the Boise real estate market, the awnser is yes!. There are signs that the market is slowly starting to hit bottom. The old adage of buy low and sell high rings true here. You have to buy low before you can sell high, so lets get started! I have worked with many first time home buyers over the years and will be able to help you make sound decisions in regards to all aspects of procuring your new home. There are several reasons why now is a good time to jump!
Interest rates are around 5% and in some cases lower!
Financing with as little as 3-5% down.
First Time Home Buyer Tax Credit(up to $8,000).
Financing with as little as 3-5% down.
First Time Home Buyer Tax Credit(up to $8,000).
Tax credit details:
Tax credit is up to 10% of the purchase price of your home ($8,000 maximum).
Must be your primary residence and you must own it for the next 36 months to avoid repayment of part of the $8,000.
Must be your primary residence and you must own it for the next 36 months to avoid repayment of part of the $8,000.
You can not have owned another primary residence within the last three years.
At $75,000 of income tax credit begins to phase out, and entirely phases out at $95,000.
At $75,000 of income tax credit begins to phase out, and entirely phases out at $95,000.
You must purchase by November 30, 2009.
If your income tax does not reach the $8,000, the balance may be added to your tax refund check.
If your income tax does not reach the $8,000, the balance may be added to your tax refund check.
Do not hesitate to call or email if you have unanswered questions!
Also ask about our Signing bonus for new clients!
Labels: Boise idaho real estate for first time buyers
posted by Mike Carr at
7:11 AM
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