Sarasota Homes For Sale celebrate $8,000 “gift” extension, allowing home buyers another 6 months to find & close on their new home purchase…as taxpayers toss in one unexpected gift.
Sarasota Realtor Mike Payne helps Canadians Dave & Alda find their winter home!
Let me give you $8,000 (or perhaps $6,500) reasons why buyers are buying.
$8,000 Tax Credit extension called “The Extended and Expanded Tax Credit Agreement” hopes to resuscitate a struggling economic recovery now burdened with commercial failures dropping like dominos.
Oh well, that’s another (depressing) topic I’ll save for a different day. Right now, it’s party time! 
This extended gift hands $8,000 to first-time homebuyers (those who haven’t owned a property in 3 years). Mostly, Congress extended the same program for another 6 months.
But wait, there’s something new here:
Extended Tax “Gift” also allows for $6500 to repeat home purchasers, those who have used previous home as principal residence 5 of the 8 previous years. Naturally, there is an income limit of $125,000 for single filers/$225,000 for joint filers. Same for first-time & repeat/move-up buyer. You can’t buy a mansion & collect $6,500. Limitation on cost of home you purchase is $800,000 if you want this gift, that is. Sorry!
This extension is good for December 1, 2009 to April 30, 2010 plus 60 Day extension if binding contract is in place by April 30, 2010
Last, Congress has added anti-fraud measures.
Great news, isn’t it?
Sarasota Realtor Mike Payne and all Sarasota Real Estate SELLERS thank all taxpayers for extending the $8,000 Tax Credit (gift).
Sarasota homes for sale will benefit from this extended gift. For any real estate questions in or around Sarasota, FL, or Orlando, FL, please call or email me. Please scroll down to share your experience with (or rant against) the extension. Clearly, the $8k gift positively impacts the housing recovery, as buyers tell me straight up how the gift moved them to buy now. Please scroll down and let me know how you feel about this extension. Are you angry? …happy? Will this gift prompt you to buy now? Thanks!
Related Posts -
Sarasota Homes For Sale Face Unique "Winter" Challenges But No 15' Snow Drifts! Sarasota homes for sale don't face the "winter" challenges of homes for sale in Omaha, Nebraska! Trying to sell houses in Sarasota (FL) is challenging amidst today's foreclosure nightmare. However, it could be worse! Take Nebraska for instance. How would you like to try to sell your house with 10-15...... -
Sarasota Homes For Sale Sell Despite Latest Mortgage Monitor Report! Sarasota homes for sale overlook latest Lender Processing Services' "Mortgage Monitor Report" suggesting foreclosure pipeline bursting - over 13% of mortgages delinquent! httpvh://www.youtube.com/watch?v=tG881L-lHWM Can a person get lost in the data? ...especially when the data predicts gloom & doom? The other day, I caught a Sarasota real estate piece in...... -
Homes Sarasota Hit NEW Sarasota Home Owners With Costly & Unnecessary Repairs! Homes Sarasota often catch unassuming Sarasota home buyers off guard with costly repairs when grass dies, water intrudes during a normal rainfall & the A/C dies. Ignorance and neglect cost homeowners $1,000s...unnecessarily. If you are new to Florida, you must LEARN quickly about caring for your Sarasota real estate...or trust...... -
Sarasota Homes For Sale Turn Off "Normal" Buyers With Just Two Words-Part 4! Sarasota homes for sale (whether pre-foreclosure, short sale or not) throw red flags at prospective buyers with just two words! [/caption] If the property is selling short sale, forget hoping for a Seller's Property Disclosure. If not a distressed sale (or in rare instances) , the seller will disclose in...... -
Sarasota Homes For Sale Ignore Latest Deutsche Bank Prediction! Homes Sarasota celebrate increased sales despite frightening housing market predictions. [/caption] Sarasota homes for sale might be overpriced, predicts latest Deutsche Bank report. Local Sarasota real estate investor Jack Walters agrees with Deutsche Bank, sharing his concerns in recent Sarasota Herald-Tribune article: "What makes me nervous is the foreclosure market."......
- My Life as a Volunteer Tax Preparer - Ch.2.4 Today I prepared five tax returns. A big question at the end my tax volunteer day: What happened to all of the men? Each of the taxpayers I helped today was a retired woman, either widowed or divorced. The other volunteer working in the office met with all women except......
- Choose Great Hunting Gifts Whether you're looking for hunting gifts for a hunting buddy or you're someone who doesn't hunt but you need a gift for someone who does, just keep in mind what the person loves and it'll be hard to choose a gift that they don't love. Gift giving for anyone is......
- Credits, Deductions, Oh My! Summary of Recent Income Tax Changes I was doing research on the recent changes in income taxes for one of the planners at my office, and I came across one of the coolest sites summarizing the changes (that is if you can describe any kind of tax stuff as "cool").  I am only going to highlight those......
- Is It Possible To Trust In The Cash Gifting? Well you see and hear it everywhere now and you wonder, what is cash gifting? Better to say, cash gifting is the cash gift transferred voluntary and without a reason. Cash gifting programs consist of private groups of adult people: the people dividing with other people willingly. Cash gifting programs......
- Boomer and Retiree Downsizing on the Extended First Time Homebuyer Credit Congress has extended and expanded the first-time home buyer credit in several important respects. The new law will provide financial assistance to baby boomers and retirees who want to downsize to a different home. Let's discuss a few of the aspects of the credit that will aid in the downsizing......
