North Palm Beach: Take Advantage of the Home Buyer Tax Credit
The home buyer tax credit currently can deliver meaningful savings, but only for those who, at a minimum, have a binding contract to purchase North Palm Beach FL Real Estate or in other cities in Florida, in place on April 30, 2010. With that deadline bearing down, potential buyers who want to capture the tax credit had better get serious about home shopping in North Palm Beach or across Palm Beach County.
It is certainly possible to find a great North Palm Beach Home and get it under contract in a month or less, but doing it requires intense focus on the part of both the buyer and the buyer’s Palm Beach County Florida real estate agent.
Two versions of the tax credit are still being offered: a maximum credit of $8,000 for first-time buyers (and those who last owned a home 3 or more years ago), as well as a $6,500 credit for current homeowners. Either way, the credit applies only to the purchase of a new principal residence costing $800,000 or less, and there are income restrictions and other limitations, including a requirement to close the sale before July 1.
To buy a North Palm Beach Home in Harbour Isles, Old Port Cove or other North Palm Beach Real Estate, contact Homes of North Palm Beach.
March 29, 2010 | Posted by
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