TIME IS RUNNING OUT!  YOU MUST BE CLOSED ON YOUR HOME PURCHASE BY NOVEMBER 30, 2009 TO QUALIFY FOR THE FEDERAL TAX CREDIT.  SEE BELOW FOR MORE DETAILS.

THE BASICS:  2009 HOMEBUYER TAX CREDIT (NOT JUST FOR FIRST-TIME BUYERS)

 As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has passed legislation that grants a tax credit of up to $8,000 to first-time home buyers.

Here is more information about how the 2009 First-Time Home Buyer Tax Credit can help prospective home buyers become part of the American dream.

Breaking news: Tax Credit Can Be Used on Closing Costs.

Who Qualifies?

First-time home buyers who purchase homes between January 1, 2009 and December 1, 2009.

To qualify as a “first-time home buyer” the purchaser or his/her spouse may not have owned a residence during the three years prior to the purchase.

Which Properties Are Eligible?

The 2009 First-Time Home Buyer Tax Credit may be applied to primary residences, including: single-family homes, condos, townhomes, and co-ops.

How Much Will the Credit Be?

The maximum allowable credit for home buyers is $8,000. Each home buyer’s tax credit is determined by two factors:

The price of the home—the credit is equal to 10% of the purchase price of the home, up to $8,000.

The buyer's income—single buyers with incomes up to $75,000 and married couples with incomes up to $150,000—may receive the maximum tax credit.

If the Buyer(s)’ Income Exceeds These Limits, Can He/She Still Get a Credit?

Yes, some buyers may still be eligible for the credit.

The credit decreases for buyers who earn between $75,000 and $95,000 for single buyers and between $150,000 and $170,000 for home buyers filing jointly. The amount of the tax credit decreases as his/her income approaches the maximum limit. Home buyers earning more than the maximum qualifying income—over $95,000 for singles and over $170,000 for couples are not eligible for the credit.

Will the Tax Credit Need to Be Repaid?

No. The buyer does not need to repay the tax credit, if he/she occupies the home for three years or more. However, if the property is sold during the three-year period, the credit will be recouped on the sale.

FOR MORE IN-DEPTH INFORMATION, PLEASE GO TO THE NATIONAL ASSOCIATION OF REALTORS® WEBSITE http://www.realtor.org/government_affairs/gapublic/homebuyer_tax_credit

 Welcome to the website of Janelle Pruitt. Feel free to search our listings to find homes in our area. You can also read our blog, check out our helpful knowledgebase, look up useful real estate terms, browse our testimonials and much more.  Benefits to becoming a member of my website is that you can pick criteria for the computer to remember on the type of home you are looking for.  It will send you an email when new homes come onto the market that fit that criteria.  There is also, for members only, a document library that may be of help to you.

I look forward to assisting you in finding the perfect home.

Sincerely,

Janelle Pruitt, Realtor, ABR, CRS
Choice-Dantzler Properties
Phone: 863-299-6710
Cell: 863-412-8168
E-mail: JPruittCDP@aol.com

We choose Janelle Pruitt to sell our home of almost 20 years. 

Janelle sold our home in about 6 months during the housing slump of 2008. 

Janelle is a professional, honest, kind, hard working Christian mother, wife, and lady. 

After selling our home, with Janelle's professional assistance, we purchased our current home that really fits our needs. 

We highly recomment Janelle to anyone wanting to buy or sell real estate.