If  you purchased a home and closed between January 1, 2009 and December 1, 2009, you will be entitled to an $8,000 tax credit. You are considered a first time home buyer as long as you have not owned a home in the last three years. Buyers will be enabled to claim a total tax credit of $8,000 or 10% of the purchase price, whichever is less.  You are only entitled to this credit if this homes is your primary residence and it will only have to be re-paid if you sell your house within two years of purchase. Please remember, you must close on or before December 1, 2009 to qualify for the credit. A closing could take up to sixty days, so with that in mind you must have a fully executed contract by October 2nd, 2009 – this gives you seventy-two days from today to find your first home. Then all you have to do to receive your credit is fill out IRS Form 5405.

Want more information? Go to the IRS Website.

Art & Brigitte Shultz
The Shultz Team
#1 Team at Re/Max Premier Realty
Ocala, FL
Toll Free: 800-243-4087
Direct: 352-291-1276
Info@OcalaVisualTours.com
www.OcalaVisualTours.com
* FREE OCALA MOVING TRUCK WHEN YOU BUY OR SELL THROUGH THE SHULTZ TEAM! *

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