Bringing the Dream of Homeownership Within Reach

As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has extended the legislation that grants a tax credit of up to $8,000 to first-time home buyers and now also to homeowners that have owned a home for 5 of the past 8 years, have not missed a payment and plan to live in the new residence as their principal residence.  They can receive up to $6,500 in tax credit.  Again this offer has a time limit.  All buyers must have a binding contract on a house in place on or before April 30, 2010.   The sale must close on or before June 30.

Other qualifiers are that as a couple they can not make more than $225,000 combined per year.  For a single person their income needs to be less than $125,000.  The home they are purchasing will be their principal residence. (Must live in it for more than 6 months of the year.)

This means that current homeowners could purchase an additional home and/or sell their current home in which they are upside down in the market (but have been making their payments all along).  Contact the Gearing Up team and let us get your current home listed For Sale.  You don't have to be stuck in an upside down market home nor do you have to be stuck with high mortgage payments.  We can get you through the process.  Kurt Gearing with Sellstate Professional, Inc is a Certified Distress Property Expert and has the Short Sale Foreclosure Resource.   Call 239 574 7836 or email  gearing_up@comcast.net