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Maryann:
$8,000 Tax Credit for First Time Homebuyers
Over the summer thousands of individuals and families have been able to take advantage of the $8,000 federal tax credit for first time homebuyers. This is a full and refundable tax credit, not just a deduction. It can help jump start the southeast Florida market and enable thousands more to buy a home for the first time!!
But too many buyers and REALTORS® are not aware the tax credit exists, and time is running out for it to be utilized. Transactions must be closed by November 30 in order for a buyer to qualify for the credit.
Click here for clear and complete information about the $8,000 federal tax credit for first time homebuyers.
State of Florida Program to Utilize the Federal Tax Credit at the Closing Table
In addition to first time homebuyers being eligible for the federal tax credit, some may also qualify for the Florida Homebuyer Opportunity Program (FL HOP), which provides $30 million in financial assistance to first time homebuyers eligible for the federal credit in order for them to utilize it at the closing table. FL HOP is administered through local governments. Click here for a program overview and here to find the program administrator in each county and city.
Please help us by forwarding this email to your prospective buyers and your fellow REALTORS® in southeast Florida.
Lets work together to spread the word that NOW IS THE TIME TO BUY!!!
Sincerely,
Jesse Acevedo
RAGFL President
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