Mary Ann Lightfoot-Guliford
Team Vegas Homes For Sale 
Mary Ann Lightfoot-Guliford

 

Welcome to Your One Stop Source for Las Vegas Real Estate! If you own real estate that you're thinking of selling, I would be happy to provide you with a FREE Home Evaluation.

In today's competitive real estate market, timing is everything. Many good homes are sold before they are ever advertised. Beat other homebuyers to the hottest new homes for sale in Las Vegas with my New Listings Notification

Homebuyer Tax Credit 
 
FEATUREJan 1 - Nov. 30,2009
Rules as enacted
February 2009
Nov. 7 - April 30, 2010
Rules as enacted
November 2009

First-time Buyer
Amount of Credit

$8,000
($4,000 Married
Filing Separate)

$8,000
($4,000 Married
Filing Separate)

First-time Buyer
Definition
 May not have had an interest in a Principal Residence
for 3 years
Prior to Purchase
 Same
Current Homeowner
Amount of Credit
 No Provision $6,500
($3,250 Married
Filing Seperate)
Effective Date
Current Owner
 No Provision November 7, 2009
Current Homeowner
Definition for Eligibility
 No Provision Must Have Used the Home as a Principal Residence Consecutively
 for 5 of the Previous 8 years
Termination of Credit Purchases After
 November 30, 2009
(Becomes April 30, 2010 on
Date of Enactment)
Purchases after
April 30, 2010
Binding Contract Rule None So Long as a Written Binding Contract to purchase is in Effect on April 30, 2010, the Purchaser will have until
July 1, 2010 to Close
Income Limits
(NOTE: Increased Income
Limits are Effective As Of
Date of Enactment of Bill)
 $75,000 - Single
$150,000 - Married
Additional $20,000 Phase Out

 $125,000 - Single
$225,000 - Married
Additional $20,000 Phase Out

Limitation on Cost of
Purchae Home
 None $800,000
November 7, 2009
Purchase by a Dependent No Provision Ineligible
November 7, 2009
 Anti-Fraud Rule None Purchaser Must Attach Documentation of
Purchase to Tax Return

 

Feel free to contact me for more information regarding First-Time Homebuyer Programs

Take Care & Looking Forward to Hearing From You!
Mary Ann, "Your On-Line Realtor"

 

 

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