$8,000 First-Time Homebuyer Income Tax Credit – 2009 Revised If you or someone you know has been waiting to buy their first home (have not owned within the last 3 years) Now is the time!   For more information on buying a home, call Kim Eisen, RE/MAX Realty 100, (651) 457-HOME (4663) Or, to search all up-to-the minute home listings go to:  www.BuyTwinCitiesHomes.com     This Tax Credit has just been passed by Congress. Here is some basic information!   For frequently asked questions go to www.BuyerBoulevard.com   Highlights   ·       First-time homebuyers who purchase a principal residence after 1/1/2009 and before 12/1/2009 qualify for the tax credit.  (It’s retroactive for buyers who have already closed—great reason to contact them and let them know about the new benefit.) ·       The maximum tax credit is $8,000 OR 10% of the purchase price if lower than a $80,000 sales price. ·       Entire amount of Tax credit is “Recaptured” by the IRS if home is sold within 3 years of purchase ·       We strongly encourage you to consult a qualified tax advisor or legal professional about your unique situation to make  sure this tax incentive truly works in your favor.   Who Doesn’t Qualify! The following are not eligible for the tax credit:     ·     If property is disposed of before end of tax year ·     If property ceases to be principal residence before end of tax year ·     If property is acquired from a person who is related* to the homebuyer ·          If you or your spouse has owned a principal residence in the last three (3) years (to new close date) ·          Non-resident alien restrictions may apply ·     *If modified Adjusted Gross income exceeds 95,000 (individual) or $170,000 (joint) ·     Credit phases out for individual Adjusted Gross Income of $75,000 – $95,000, and between $150,000 – $170,000 for joint filers (Special rules apply for Washington D.C.)

$8,000 First Time Home Buyer Tax Credit:   To see the 2009 Revised table, click here.  To see the $7,500 2008 FAQs, click here   If you are looking for straight forward, up front, honest answers call me.  As a real estate consultant for 28 years, you’ll get the experience you need. Please feel free to call with any questions or to get your free buyer consultation and my personal home buying process “Buyers’ Booklet”.  You don’t have to pay rent anymore.  Most buyers are surprised that they ‘can’ qualify for a home.  If you wish to get pre-approved for a home loan prior to visiting with me, please feel free to call an experienced loan officer, like the one I trust, Dave Hill, at 651-485-6862. Kim Eisen RE/MAX Realty 100 (651) 457-HOME (4663)

*All information deemed reliable, but not guaranteed.  Consult your tax advisor