$7500 for MN First Time Home Buyers!

More Money for Minnesota first time home buyers!

WOW! Who couldn't use a little extra cash when getting settled into their first MN home, right? Well, congress just passed a little-known incentive program to help encourage 1st time home buyers to buy something now!

If you are one of the thousands sitting on a fence right now, this info may bump you off the fence and into your new home. Could you use $7,500? Well, guess what? If you qualify, it's yours! And it's not tough to qualify!

The government is offering this $7,500 to any first time home buyer buying their new place between April 9, 2008 and July 1, 2009. To qualify you must be a US citizen (or qualified "nonresident alien") and make less than $75,000 a year. ($150,000 for married couples filing jointly). You also have to be a legitimate 1st time home buyer OR you can't have owned a home in the last 3 years… That's it! (well, and you have to be someone who files your taxes in order to receive the tax benefit!)

How does it work then, you may be asking yourself? EASY!

If you owe less than the $7,500 for taxes, the IRS cuts you a check for the difference. If you were owed a refund, add the $7,500 to your refund amount and that's what you'll receive. So, for example, let's say you owe $1,500 at tax time and your 1st time home buyer credit is $7,500. (7500-1500=6000) You will get a refund check in the amount of $6000.

If, for another example, you are owed a refund of $1,500 and your 1st time home buyer credit is $7,500 (7500+1500=9000), you will get a check in the mail for $9000. How cool is that?

There are no restrictions on the type of home: single family home, townhome, condo, new construction, or resale AND if you are a married couple filing separately, your credit will be split - $3,750 to each spouse. Almost sounds too good to be true! :-)

Testimonials

"Hi Alex,

I just wanted to thank you again for helping us to find such a great deal on our new home!

After living 13 years on a busy street in the city, without a dishwashing machine, it’s been heavenly waking up every morning with clean dishes and nothing more than trees and deer in my backyard. (See attached photo of the deer)

I never thought we could afford such a beautiful place (so close to everything) yet still tucked away in such a nice and quiet neighborhood.

You really are a genius when it comes to real estate and we’ll be sure to recommend your services to all of our friends.

Take care,"

Donovan Wyatt
Minneapolis

 

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REMAX Minnesota Real Estate

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17850 Kenwood Trail Lakeville, MN 55044

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