Thinking About A New Home? Take Advantage Of The Real Estate Bailout.

This is the perfect time to buy a new home. As part of the Real Estate Bailout, the government is offering tax credits of up to $8,000 for first time home buyers. $8,000 WOW! This something that has never been done before and probably will never be done again. You really need to take a look at this.
If you are a first time home buyer, and you sign a binding and written contract prior to April 30, 2010, you could qualify for a tax credit of up to $8,000. If you are single with income of less than $125,000 or married with income of less than $225,000 then you could qualify for this tax credit. This credit will not be renewed and it expires on April 30, 2010. You really need to take advantage of this. This is the best time in history to be in the real estate market.
Many people are reading this and thinking, I already have a home and so this doesn’t apply to me. Nothing could be farther from the truth. If you have lived in your current home for 5 of the past 8 years then it is possible that you could qualify for up to a $6,500 federal income tax credit. You won’t get a chance like this again.
There isn’t a lot of time left. You need to contact your tax professional or your local Coldwell Banker professional and take advantage of this once in a lifetime opportunity. So make the call you will be glad you did.