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Ensor & Co., Realtors
  • 512-740-8389
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      • Leander
      • Round Rock
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      • Cedar Creek
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  • Real Estate News

$8000 Tax Credit for First Time Home Buyers is Expiring Soon

  • September 26, 2009
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  • Joseph Ensor
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There is only about three more weekends worth of house hunting left for first time buyers to get their hands on up to $8000 of tax credit incentives for real estate purchases. Reason being, that with the increase in underwriting regulations, lenders are now requiring up to 45 days to close from acceptance of a contract.

Yes, there’s a chance that the $8000 Tax Credit will be extended beyond the Dec 1, 2009 deadline, but why take the chance of missing out? If you’re on the fence or are considering a home purchase for the first time, take a few minutes to look through Austin homes and condos for sale using our Search page. If you see something you like, send us an email or complete the Contact Us form.

A few quick rules about the $8000 Tax Credit:

  • Up to $8000 or 10% of your home purchase, whichever is lower.
  • First Time Home Buyer is defined for the purposes of the tax credit as those who have not owned a home in the past 3 years.
  • Income restrictions apply.
  • You must keep the home for at least 3 years.  If not, you have to pay back the Tax Credit amount received.
  • Foreclosures, HUD and REO Homes do qualify for the tax credit.  If you’re looking for a fixer-upper AND are a first time home buyer, this is a wonderful opportunity for you.

For additional details, please contact us and we’ll talk about your options.

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Related Topics
  • $8000 Tax Credit
  • Austin Foreclosures
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Joseph Ensor

Joseph Ensor is a Texas real estate broker and the owner of Ensor & Co. Realtors. In addition to representing select clients, he works closely with each of his team members to help them build a successful career in selling Austin real estate. A graduate from Arizona State University with a degree in Finance, he enjoys helping his clients and his team members with the mathematical side of each transaction. With over 20 years of experience in real estate investing and sales, he understands the overall complexities involved in a real estate transaction. He uses his expertise to overcome challenging situations and his objective is to work diligently and intelligently toward a positive outcome for his team and for his clients.

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Becky Belt
Becky is a native Austinite, 8th generation Texan, and Daughter of the…
Jackie Ensor
Born and raised in the "Heart of Texas" (Bryan - College Station),…
Joseph Ensor
Joseph Ensor is a Texas real estate broker and the owner of Ensor &…
Kim Beckham
Kim Beckham is a Realtor located in Bastrop, TX where she has been…
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