Tis the season to buy a home in Burlington Vermont? Absolutely!
If you have not heard, the government announced that it extended and expanded the tax credit for home purchases. This means that First-time home buyers in Burlington and all across the country may yet be eligible to receive a credit of up to $8,000 and those moving who have owned for at least five out of the last eight years may qualify for up to $6,500.
What’s the catch?
- You must be under contract to purchase no later than April 30, 2010.
- You must close on that purchase no later than June 30, 2010.
- There are some income restrictions
- Purchase price on a home is capped at $800,000
Visit the national federal tax credit web site for more information. Or call me for the local response to the Federal Tax Credit at (802) 238-1704 for more info. I have yet to meet a person who didn’t like free money – take advantage and claim yours now!
Heather D. Myott
Mortgage Advisor
Coldwell Banker
