Do You Qualify for the Home Buyers Credit? Thinking of Buying a home?

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All Star Real Estate can offer you a few options to assist you in that purchase. Will help you find that perfect home and give you all the infor you need to move-in helping you move in.

2009 Tax Credit -- First time homebuyer tax credit ($8,000.00) does not require repayment!! Call Monica at 817-269-4433 today for more information on this credit!!

More detailed information available on the IRS website www.irs.gov

FIRST TIME BUYERS! Are You a First time Home Buyer? Wanting to Buying a home? All Star Real Estate can offer you a few options to assist you in that purchase. I have information on buying a home, getting you pre-approved, owning a home, and more. I will help you find that perfect home and give you all the information you need to move in. A few things you need to know about buying a home can be found on our Buyer/Seller Info page.

First Time Home Buyers Credit! A First time homebuyer tax credit of $8,000.00 which does not require repayment!! Call Monica at 817-269-4433 for details.

Non First Time Home Buyers Credit!
What is the non-first-time homebuyer tax credit? The non-first-time homebuyer tax credit is a refundable federal tax credit for current and former homeowners who do not meet the first-time homebuyer requirements. To qualify, you must have owned and lived in your previous home for at least five consecutive years of the eight years before the purchase. The tax credit equals 10% of the purchase price, up to a maximum of $6500 ($3250 each if married filing separately).

You can claim the credit if you buy a home after November 6, 2009, sign a binding sales contract before May 1, 2010, and close before July 1, 2010. Your new home does not have to cost more than your previous home. You do not have to sell your previous home to be eligible for the tax credit, but you must live in your new home as your principal residence for at least three years.

First-time homebuyers may be able to take advantage of a tax credit for homes purchased in 2008 or 2009.

The credit:

Applies to purchases that close after April 8, 2008, and before Dec. 1, 2009.

Applies only to homes used as a taxpayer's principal residence.

Reduces a taxpayer's tax bill or increases his or her refund, dollar for dollar.

Is fully refundable, meaning the credit will be paid out to eligible taxpayers, even if they owe no tax or the credit is more than the tax owed.