There's never been a better time....be the first time!
We've been asked a few questions about the new Stimulus bill and how it affects Newton, Colfax & Baxter Buyers.
1. Who qualifies for the $8000.00 credit on the purchase of a new home?
You must be a first-time home buyer, which the law defines as someone who hasn't owned a primary home for 3 years. You must buy the home between Jan 1st and Dec 1st of 2009.
2. I'm planning to buy a home for $50,000. Will I get the tax credit for $8000?
No. The credit is equal to 10 percent of the home's purchase price, up to the maximum of $8,000. You would be limited to $5,000.
As always any questions feel free to contact one of our Newton Iowa Realty agents. They would love to assist you.
