SheenOnline

Now is the time to take advantage of the government’s housing stimulus package. Time is running out and you could be leaving money on the table during a time when many people could use the help. For those of us having a hard time, this could be the solution to help dig yourself out of a whole. For families and individuals just getting started, this is the stepping stone to a successful future.

Here is how it works:

• First-time homebuyers, or those who have not owned in the last three years, can receive up to an $8,000 tax credit
• Homeowners who have lived in a current home consecutively for 5 of the past 8 years can receive up to a $6,500 tax credit
• There may be no future extensions, so all qualified homebuyers are urged to act and have a written, binding contract by April 30, 2010 (close by June 30, 2010)
• Income limits are now $125,000 for singles, $225,000 for married couples with a $20,000 phase-out of the credit for both.

Time is running out. As you can see, you need to have your contract done by April 30th of this month. You still have an additional month thereafter to close on your house, but this isn’t the time to be resting on your laurels. Check out the video below for more information.

[youtube]http://www.youtube.com/watch?v=rQQ9IspatA8[/youtube]

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