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2010 Homebuyer Tax Credits

This is a Sponsored Post written by me on behalf of Coldwell Banker. All opinions are 100% mine.

Looking for a house this year?  I’d recommend acting quickly because there are some 2010 Homebuyer Tax Credits you may qualify for!  First-time homebuyers, or those who have not owned in the last three years, can receive up to an $8,000 tax credit!  That makes buying a house a win/win for everybody.  Not only are you getting a house cheaper than you could in the last five years, but you’ll also be getting a nice tax return!  Also, homeowners who have lived in a current home consecutively for 5 of the past 8 years can receive up to a $6,500 tax credit when purchasing a home.

These programs have been extended from last year, but don’t count on any future extensions.  To qualify, you need to have a written, binding contract by April 30, 2010 (close by June 30, 2010.)  The income limits are now $125,000 for singles, $225,000 for married couples with a $20,000 phase-out of the credit for both.

Now, the first-time tax credit was working, but what housing and our national economy needed was incentive for the move-up buyer. According to The 2009 National Association of Realtors® Profile of Home Buyers and Sellers, the number of first-time home buyers rose to 47 percent of all home sales from 41 percent of transactions in last years study, and was the highest on record dating back to 1981. The previous high was 44 percent in 1991.

What are you waiting for?  Go house shopping!

Visit my sponsor: 2010 Homebuyer Tax Credits

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Lisa Martin

Lisa Martin

In April 2006, Lisa began blogging to stay connected with distant relatives and friends. As she delved into blogging, she discovered the potential to assist others by sharing her experiences. Lisa has actively engaged in numerous exclusive media ventures. Notable among these are her participation in events such as the Sony Mommy Bloggers Event, the Pampers Mommy Bloggers Event, the Epson Event in Chicago, the Stouffers Event, a memorable yacht excursion with Lands End, collaborations with 1-800-Baskets, an exclusive tour for bloggers by Mrs. Prindable’s, partnerships with Hallmark, PopCap games, Chicago Cubs Mastercard Priceless Events, and Rug Doctor. In addition, she has collaborated with Nutrisystem on a weight loss initiative, teamed up with Buick and Chevy, and served as a brand ambassador for Sprint. Lisa's collaboration portfolio also extends to Disney, where she has participated in press trips for significant movies such as Frozen, Guardians of the Galaxy, McFarland USA, The Good Dinosaur, The BFG, and Cars 3. Notably, for projects like Frozen, The BFG, and Cars 3, she was granted the privilege of walking the red carpet and conducting interviews with celebrities. The impact of Lisa's blog has gained recognition, with The New York Times referencing her content. Moreover, she has been featured in interviews by respected publications such as the Southtown Star, The Chicago Sun Times, and inside.View Author posts

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