New Tax Credits Announced!!!

This year, a special government plan allowed and $8000 tax credit for
first time home buyers. After that success, the government is now
giving not only $8000 tax credits to first time home buyers but also a
$6500 tax credit to those who have lived in the same house for at
least five of the last eight years!
So if you have been thinking of upgrading or downgrading your home,
there is not a better time than now!
The tax credit effective date is Nov 6^th 2009 (the day President Obama signed the bill) to
April 30 2010; therefore you will want to act quickly to take
part in the program.
As with all government programs, there are some details you will want
to be aware of:

• income limit for the $8000 first time home buyer credit is $75,000 single/$150,000 married
• income limit for the $6500 current home owner credit is $125,000 single/$225,000 married
• to be eligible for current home owner credit, owner must have lived in primary residence being sold for minimum 5 consecutive years in the last 8 year period
• for current home owner and first time home buyer credit, binding contract must be written by April 30, 2010 and closing by July 1, 2010
• for current home owner credit, home being purchased must be less than $800,000 (no limit for first time buyer)
• current home owners must attach documentation of purchase to tax return
• dependents are ineligible for the home owner credit

This is a great deal I strongly encourage those sitting on the fence
to take advantage of! With the offer, I know there will plenty of
great deals for those who want to move! Contact me at 469-835-0540 or mike@teamtobin.com
and can get you set up on a home search today!

What are you doing for Christmas?

What happens when you think about Christmas and being in your lovely home on a tree lined street that you just purchased? Celebrating your first wonderful Christmas in your very own home with the décor you put up and the memories you are making in your first home. How does it feel to think about the fact that you will be able to save $8000 on your 2009 tax bill? I know I would love to save $8000 on any bill this year, how about you? You could use the extra money to pay off some bills, take a trip or add some hardwood floors to your new home.
Now what happens when you think about Christmas in that apartment you have been in for the last year always thinking about buying your first home but never making pulling the trigger. None of your own décor, not much room for the big tree you saw on the tree lot. Well my friend time is running out and the $8000 tax credit is set to end on December 1st of this year. You will need to be closed on your new home before that date, if you are not you will not be able to take advantage of the $8000 tax credit. Email me now to find out how you can spend Christmas in your very own home and take advantage of the $8000 tax credit.