My hubby and I have been planning to buy a house for a long time. But, then the economic recession forced us to wait. We were nervous about property values dropping a lot over the last couple of years and wanted to wait until the timing was better. Now, it seems like real estate values here in Denver have stopped dropping and it’s better time to buy than it was a year ago. Also, we heard about the
Real Estate Stimulus that was giving tax credits to people that qualified for the program. But, we heard different qualifications from different people we talked to. So, we found a great website called coldwellbanker.com that explained the exact qualifications for the tax credits. Then, we realized we would qualifiy for up to $8,000 in tax credits since we haven’t owned a house for over 3 years and are under the income level for couples to qualify. This was great news for us once we read the qualifications on this website. We also learned that these tax credits will expire on April 30 of this year, so we need to find a house to buy real soon to take advantage of these tax incentives.
MDP