Overland Park KS Homes for sale & Johnson County Real Estate Blog: July 2008

$7500 tax credit, Do you qualify?

As part of the new housing bill our faithful government is offering a $7500 tax credit for First time buyer. There are several factors for eligability. Here are some of the highlighs & requirements.
  1. Must be first time buyer
  2. rebate will 10% of Homes value up to $7500
  3. income limited to singles with $75,000 or less or married couples at $150,000 or less
  4. must be repaid over 15 years (6.67% per year)
  5. remainder must be completely repaid if home sold before 15 years
  6. effective for home purchases between April 9 2008 & July 1 2009
This a great deal for first time home buyers. Also if you are looking for Down payment assistance you will need to purchase prior to October 1 2008.
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Copyright 2008 the Russell Home Team www.SearchjocoHomes.com  913-681-1383

 

 Mike Russell is a REALTOR with Keller Williams Realty. Mike specializes in Johnson County Kansas Homes and Real Estate for sale. Mike is a tech savvy realtor with over 17 years experience. Did you enjoy Mike's Blog? Feel free to subscribe or join Mike on his Social Network to stay up to date on Overland Park, Olathe, Leawood, Lenexa, Shawnee and all of Johnson Counties real estate news and more...

Mike Russell & Associates can be reached at 913-266-5828 or MRussell@KW.com  or www.SearchjocoHomes.com

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Comment balloon 2 commentsMike Russell • July 30 2008 11:35PM
$7500 tax credit, Do you qualify?
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As part of the new housing bill our faithful government is offering a $7500 tax credit for First time buyer. There are several factors for eligability. Here are some of the highlighs & requirements. Must be first time buyer rebate… more
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