The Source For Minneapolis Commercial Real Estate
In case you haven’t heard, the $8000 housing tax credit has been extended until April 30th 2010 (must be under contract by that date) and has also been expanded to include move-up buyers for $6500 giving Minneapolis condo buyers a little more time.
I wrote about the $8000 housing tax credit extension here more extensively over at my primary blog.
Here is a basic break down comparing the old tax credit vs the new tax credit.
If you have any questions, just ask away.
You’ve surely heard about the $8000 housing tax credit by now… I hope. Now you can double it!
Skyscape Condos in Minneapolis is offering an extra $8000 towards the purchase of your new condo if you close on it by November 30th, 2009. [see the website]
If you are interested in checking out some condos in Skyscape, let me hear it.
You’ve heard about it for the better part of a year. Every Realtor that is actually still in the biz has probably been screaming about it as well.
If you have been living in a cave for the past six months, here is the gist of the $8000 first time home buyer housing tax credit which can be used for your conodminium or loft purchase.
First things first, it’s a use it or lose it credit. You have to close on the house before December 1st, 2009 so that pretty much leaves November 30th as the last possible day to close on your condo. That means there is a little more that 80 days (when posted) left for you to get financing, find a condo/loft, write purchase agreement, acceptance, inspection, underwriting and close.
Might seem like 3 months is a long time, but it comes quick.
Of course the government is going to hammer out some details if they are going to hand of $8000 of Obama money:
I must remind you that I am not a tax professional or play one anywhere else, these are just some guidelines so if you need further advice consult your tax accountant. If you used a box, then I can point you in the right direction for help.
If you want to start your home search in order to use the housing tax credit, then search for Minnepolis Condos & Lofts here or use any one of these methods to contact me.
