Congress heard our need to both extend and expand the homebuyer tax credit to continue stimulating the housing sector of the economy. The Senate voted 98-0 and the House voted 403-12 on legislation that includes the extension and expansion of the credit. This is a perfect time for first time homebuyers, or experienced buyers, to check out some of the Lynnfield Homes Northrup Associate Realtors offers to Boston area home buyers.
| Explore this Lynnfield home. An ample amount of space, extensive utilities, beautiful landscaping, and a fresh new look make it a perfect piece of Lynnfield real estate to take advantage of the tax credit with! |  |
While markets differ from area to area, overall interest rates are low and housing choices are abundant. Let a Northrup realtor help you, someone who understands the nuances of each neighborhood and can apply “real time” local market expertise to your situation. Now more than ever, a Northrup REALTOR® can answer all your questions and help you sell or buy your home. To read more about the consumer tax credit log, click here.
Congratulations! Congress has increased the homebuyer tax credit to $8,000 and has made several improvements concerning this credit. This bill provides for an $8,000 tax credit that would available for first time home buyers for the purchase of an owner occupied residence on or after January 1, 2009 and before December 1, 2009 and the best news is that this credit does not require repayment. The credit will be claimed on a tax return to reduce the buyer’s income tax liability. If any credit remains unused, then the unused amount will be refunded as a check to the purchaser.