Out and About Yukon and OKC

Tic, tok, tic, tok ... the time is running out for 8000 tax credit program by Bo Kociuba, Yukon Realtor

8000 Tax Credit

 

 

Tic, toc, tic, toc...time is running out for $8000 tax credit program.

As of today, March 2, we only have 58 days left till the expiration of the $8000 tax credit program for first time home buyers and of course $6500.00 tax credit for repeated home buyers.

It takes about 45 plus days from the time of an offer acceptance to the closing table. Not to mention that there is a lot of time needed just to find that right house. If you were thinking for some time to take an advantage of this great financial incentive this is the time to act.

Read more about: Extended $8000 Tax Credit for First Time Home Buyers

So let's get together and talk about your options and choices...and together we will find you a great house...

 

 

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With smiles, 

Bo in Yukon

Bo Kociuba, Yukon Realtor

Search Homes in Yukon, Mustang and Greater OKC Metro

Bo Kociuba, Realtor - serving Yukon, Mustang, Piedmont, Newcastle, Tuttle, Bethany, Oklahoma City and Edmond

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3 comments • Bo Kociuba • March 02 2010 03:41PM

Time is running out - your 8000 reasons will be gone soon! by Bo Kociuba, Yukon Realtor, www.Okla-OK.com

8000 Tax CreditTime is running out for the new home buyers...

Your $8000 reasons to buy a new home will expire on November 30, 2009.

FIRST TIME HOME BUYERS TAX CREDIT TOP 10 LIST

  1. Amount of Credit - 10% of purchase price, not to exceed $8,000
  2. Eligible Property - Single family residence (principal residence)
  3. Not Refundable- Reduces or eliminates income tax liability, will receive refund for unused amount
  4. Income Limit - Single taxpayers with income up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit
  5. First Time Home Buyer - Purchaser and Purchaser's Spouse may not have owned a principal residence in three years previous to purchase
  6. Revenue Bond Financing - Purchasers who utilize revenue bond financing can use credit
  7. Repayment - no repayment for purchases on or after January 1st, 2009 and before December 1st, 2009
  8. Recapture - If home is sold within three years of purchase, entire amount of credit is recaptured on sale. Applies only to homes purchased in 2009
  9. Termination - Program expires on December 1st, 2009
  10. Effective date - Effective as of January 1st, 2009 

Finding a house takes time but also don't forget that these items require time (usually about 45-60 days)to process a transaction:

  1. Finding a Realtor whom you trust and who will best represent you 
  2. Writing an offer
  3. Offer acceptance and negotiations
  4. Finding a Lender
  5. Loan application
  6. Survey
  7. Inspections
  8. Repairs
  9. Appraisals
  10. And other issues which often come from lenders, title companies etc...

TIME IS RUNNING OUT SO DON'T DELAY ANY MORE THAN IS NECESSARY!

With smiles,

Bo in Yukon

 

 

 

 

 

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

With smiles, 

Bo in Yukon

Bo Kociuba, Yukon Realtor

Search Homes in Yukon, Mustang and Greater OKC Metro

Bo Kociuba, Realtor - serving Yukon, Mustang, Piedmont, Newcastle, Tuttle, Bethany, Oklahoma City and Edmond

Let's get connected:

Follow Me on TwitterFollow Me on FacebookLets get LinkedinMy Outside Blog

5 comments • Bo Kociuba • August 10 2009 09:08PM