Could you use an extra $8,000?

As your Realtor and home-ownership consultant, I want to share with you one component of the recent economic stimulus package that could make a huge impact on you personally if you are considering selling or buying a home within the next year.

This package includes a tax credit of the lesser of $8,000 or 10% of the purchase price of a home for first-time homebuyers. This means it will be easier to sell your home with more buyers in the market and, if you're buying a home, you may be eligible for the tax credit too.

This tax credit is refundable, which means if you subtract your tax liability from $8,000, you receive a credit. However this is assuming you purchase a home that's at least $80,000 (since $8,000 is 10% of the purchase price). For example: If you have a tax liability of $3,000, you will receive a $5,000 credit. If you have no tax liability, you receive an $8,000 credit. If you are due a tax refund of $1,000, you'll receive a $9,000 credit.

Call me today to take advantage of this great offer.

614-565-8161 or teresabutler@columbus.rr.com