Are you a first time buyer? … OR… in the eyes of the lending institutions, you could be considered a first time buyer if you have not owned real estate within the past 3 years! If you have been considering purchasing a home, AND you are financially capable, then this year would be the time to do it! Home prices are LOW, interest rates are LOW… and now you could qualify for an $8000 tax credit on top of that. With the passing of Obama’s latest stimulus package for housing, to qualify, you must purchase a home from January 1, 2009 to December 1, 2009. At least the $8,000 is a TRUE CREDIT! If you don’t plan on moving within three years, a tax credit is much more valuable than a deduction. A credit reduces dollar for dollar the amount of tax you owe. A deduction on the other hand, only reduces the amount of your income that is taxable. If you are still unclear of how this credit can help you, visit the IRS web site or contact them by phone for more information.
Win a Condo: Doorway of Dreams Raffle
February 12, 2009What would you do with $150,000?!!
Enter to win $150,000 or a Condominium home.
Visit www.doorwayofdreams.com for more information on purchasing a raffle ticket. Proceeds benefit the Institute for Community, Inc and Naperville Responds Katrina Relief.Tickets are available at:
• Ryan Hill Realty, 15 W. Jefferson Suite 202, Naperville
• The Towers at Four Lakes, 5885 Forest View, Lisle
• The Ponds of Naperville, 1333 Modaff, Naperville
• Institute for Community at HighPoint, 175 S. HighPoint Drive, Romeoville
