- our company location -
Office Suites West 2680 E. Main Street, Suite 123 Plainfield, Indiana 46168 Office: 888.9.Show.Me Fax: 888.SOLD.317

HOME SOLD EVERY 7.5 DAYS! |
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Welcome to Sandcastle Real Estate HOME SOLD EVERY 7.5 DAYS!
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NEWS RELEASE - Market Stabilization Program (MSP) The state of Indiana is now passing down their share of the stimulus money from the President. Buyers can get upto $15,000 towards the purchase of a home.
The money can be used for DOWN PAYMENT, CLOSING COST, & HOME REPAIRS. It can be used for only one or a combination of all three.
MAIN GUIDELINES:
- Not only for first-time (homebuyers can have owned a home before!)
- Must be owner occupied
- Home must be a foreclosure
- Must meet mortgage approval
- Must income qualify
- Home must be in “target area”
BASIC STEPS:
- review all guidelines
- After getting pre-approval letter, contact me to start you home search
- Close on home
Contact me for more information about the guidelines, qualifications, and to find your perfect home!!
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EXTENDED into 2010 NEW Current Homeowners, purchasing a new home can qualify for up to $6,500
up to $8,000 cash to you!!! Ask about getting the money at closing to use towards your downpayment!! Who is eligible? - Tax credit is available to first time home buyers for 10% of purchase price or up to $8,000.
- Tax credit up to $6,500 is available for current home owners who have owned their current home for at least 5 years.
- The law defines a first time home buyer as a buyer who has not owned a home during the past three years.
- All U.S. citizens who file taxes are eligible to participate in this program.
| Do any income limits exist? - Yes. Home buyers who file as single head-of-household taxpayers can claim the full tax credit if their modified adjusted gross income (AGI) is less than $125,000.
- For married couples filing a joint return, the income limit doubles to $250,000.
- Single or head-of-household taxpayers who earn over $125,000 may be eligible to receive a partial first-time home buyer tax credit.
- Married couple who earn over $250,000 may be eligible to receive a partial first-time home buyer tax credit.
| Are there payback provisions? - No. Unlike the Tax Credit enacted in 2008, the new credit does not have to be repaid. Homeowners must use the home as a principle residence for at least three years or face recapture of the tax credit amount. Certain exemptions apply.
| What are the effective dates for the tax credit?
- First-time home buyers would receive the tax credit for the purchase of any home on or after January 1, 2009 and before December 1, 2009. To qualify, the home buyer must actually close on the sale of the home during this period. NOW EXTENDED if sales agreement is signed by April 30, 2010 (closing to take place by June 30, 2010) so start NOW!
| What types of homes qualify for the tax credit?
- All home types qualify, provided that the home will be used as a principal residence
- This includes newly-constructed homes
| Refundable tax credit: What does this mean?
- A refundable credit means that if you pay less than the tax credit's value in federal income taxes, then the government will write you a check for the difference.
- If you are due to receive a tax refund from the government, your refund will increase by the amount of the tax credit.
- Buyers can take advantage of the tax credit on their 2008 or 2009 tax returns on home purchased after January 1, 2009. For homes purchased after January 1, 2010, the tax credit would be on either 2009 or 2010 tax returns.
| Can the tax credit be claimed in conjunctions with a mortgage revenue bond?
- Yes, the tax credit can be combined with the MRB home buyer program.
| Does a person who finance a first home in 2008 qualify for this credit?
- No, but if the home was purchased between April 9, 2008 and January 1, 2009 they may qualify for the $7,500.00 federal tax credit of 2008.
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Qualify for an FHA mortgage? Buy a HUD home and pay only $100 down! |
Karina M. Skinner, Broker/Owner/Realtor® Office Suites West 2680 E. Main Street, Suite 123, Plainfield, IN 46168 Office: 888.9.Show.Me Fax: 888.SOLD.317
www.SandcastleRE.com Karina@SandcastleRE.comDirect: 317.437.1712 HOME SOLD EVERY 7.5 DAYS!
I'M NEVER TOO BUSY FOR REFERRALS! IF YOU KNOW ANYONE THINKING ABOUT BUYING, SELLING, OR BUILDING A HOME, GIVE ME A CALL!
Plainfield not convenient? Ask me about meeting in Greenwood, Noblesville, Fishers....or anywhere else convenient to you!
Start your career in Real Estate! Visit www.SandcastleRE.com and click careers and see what Sandcastle can offer you! |
Contact me today to find out how you can receive up to $50 at closing!  |
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