Real Estate - Oak Lawn, IL Homes for Sale
Coldwell Banker Oak Lawn Real Estate, Homes for Sale, Foreclosures, Short Sales, For Sale By Owner
Mary Wallace

First Time Homebuyer Tax Credit


The $8,000 Home Buyer Tax Credit Explained

The $8,000 home buyer tax credit applies to anyone who has not owned home in the past 3 years and buys a home (house/condo/co-op/townhouse) as a primary residence between January 1, 2009 and December 1, 2009. This tax credit is given when you file your taxes (after the property is purchased) and is capped at either 10% of the purchase price or $8,000 - whichever is less. This does not need to be repaid unless you sell the property within 3 years. The full amount of the credit available for individuals with adjusted gross income of no more than $75,000 ($150,000 on a joint return). I honestly have never known a better time to buy with this buyer credit being available, mortgage interest rates being very low, and home prices being extremely affordable.  Please call/email/text me if you are anyone you know is interested in buying or selling (708) 203-1412 or MaryListens@gmail.com.

Please see the link below for a breakdown of the buyer credit:

http://www.realtor.org/wps/wcm/connect/b32db1004d05f6338052c5fd73e5610f/government_affairs_tax_credit_chart_021308.pdf?MOD=AJPERES&CACHEID=b32db1004d05f6338052c5fd73e5610f

 

 


Buying Services for Buyers


 
Congratulations!  You have decided to purchase a home, or are thinking about buying one.  You'll be joining the ranks of hundreds of families who realize that home ownership offers a number of benefits including building equity, saving for the future, and creating an environment for your family.  When you own your own home, your hard-earned dollars contribute to your mortgage. The equity you earn is yours.  Over time, your home will increase in value.

In the following reports, you'll find the information you need to make a wise buying decision.  We'll take you through the planning process step-by-step , to help you determine which home is right for you.  You'll find a host of informative articles on mortgages, viewing homes, the offer, closing details and moving.

Please contact me if you have any questions about buying a home anywhere in Illinois or Wisconsin. 


Below, select desired reports and complete the form provided.

Mary Wallace
Coldwell Banker Residential Brokerage
Direct: (708) 203-1412
                                                                                                        MaryListens@gmail.com



Avoid The Most Common Buyer Errors

Some buyers, however, caught up in the excitement of buying a new home tend to overlook some items. When you have a systematic plan before you shop, you’ll be sure to avoid these costly errors. Here are some tips on making the most of your home purchase.

Buying Your First Home?

Many renters are starting to think about purchasing a home of their own. This article highlights several factors that should be considered when purchasing a home.

How Not To Pay Too Much For Your Home

This article helps you become a savvy buyer, by pointing out some of the pitfalls inherent in the home-buying process.

A Smooth Home Purchase in Six Steps

Buying a home can be an emotional, time-consuming, and complex process. There are a few things that you can do to help make the process go as smooth as possible


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