Taking advantage of the new

$8,000, 1^st Time buyers Tax Credit for 2009

How would you like to own a new home for free?

Let’s say you are a renter paying $950 a month to rent a small home.  I can sell you a $110,000 home with payments $125 below what you are paying for rent, give you a tax deduction on the interest and taxes you are paying and reimburse you your initial down payment and closing costs.

How is this possible?

The federal government is giving 1^st time buyers or folks who have not claimed a MTG interest deduction for the last three years up to $8.000 off of the taxes they owe or will give them a refund for the difference if they owe less than Tax credit.  1st time buyers can deduct 10% of the purchase price of a new home up to $8,000 from their tax obligation.

You buy a $110,000 home.  Total down payment and closing costs on a FHA fixed rate loan would be around $7,000.  The Tax credit to you would be $8,000 or $1,000 more than it cost you to buy the home.  Payments would be at least $125 less than renting the same home plus you get additional tax deductions for the taxes and interest paid.  Over $3,000 back the 1^st year over costs paid.

Don’t want to wait till next year for the tax credit?  Have your employer increase the amount of deductions you claim and get the money back each month for the 1^st year or file an amended 2008 return for an instant cash infusion.

Additional questions:  Call me Wayne 316-554-2831 or visit his web site at www.realtor-shorty.com

Welcome to one of my Wichita, KS metro area web sites. You can get a relocation packet for our area if you decide to work with us with your real estate needs. We work with Military, aircraft industry, Health Care and Energy workers and know their needs.  I have been selling Wichita homes since 1981 and work with all relocation companies and Human Resource departments.

Give us a call at 800-779-SOLD or 316-554-2831

For Referrals to the "Air Capital", Call "Shorty"
	Wayne "Shorty" Short ABR,CRP,CRS,E-Pro,MBA "Hall of Fame" in Wichita, KS shorty@realtor-shorty.com 10100 W. Maple Wichita, KS 67209 1-800-779-SOLD Direct Dial: 316-554-2831 http://www.realtor-shorty.com Co-Author, "How To Make Your Realtor Get You The Best Deal"