Hi my name is Vicki Burr, I am a Realtor with Century21 Wright-Christie & Assoc., Inc. together we are your source for real estate in the greater Portland Metro areas of Oregon including Hillsboro, Cornelius, Forest Grove, North Plains, Aloha, Beaverton, Bethany, Scappoose, St. Helens, and Vernonia just to mention a few other communities.  

New Tax Credit Extension & Expansion

Who is eligible to claim the $8,000 tax credit?
First-time home buyers purchasing any kind of home—new or resale—are eligible for the tax credit. To qualify for the tax credit, a home purchase must occur on or after January 1, 2009 and on or before April 30, 2010. For the purposes of the tax credit, the purchase date is the date when closing occurs and the title to the property transfers to the home owner. A limited exception exists for certain contract for deed purchases and installment sale purchases. See the IRS website for more detail.

However, the law also allows home sales occurring by June 30, 2010 to qualify, provided they are due to a binding sales contract in force on or before April 30, 2010.

Persons who are claimed as dependents by other taxpayers or who are under age 18 are not qualified for the tax credit program.

For sales occurring after November 6, 2009, the Act establishes income limits of $125,000 for single taxpayers and $225,000 for married couples filing joint returns.

The income limits for sales occurring on or after January 1, 2009 and on or before November 6, 2009, are $75,000 for single taxpayers and $150,000 for married taxpayers filing joint returns.
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$6,500 Tax Credit for current homeowners purchasing a new principal residence after
today and before April 30, 2010, who have used the home being
sold or vacated as a principal residence for five consecutive
years within the last eight years.

- So long as a written binding contract to purchase is in effect
on April 30, 2010, the purchaser will have until June 30, 2010 to close."

For more information visit http://www.realtor.org/press_room/news_releases/2009/11/extension_positive

Check out the lower left side of this web page for the latest in Portland Metro Areas Market Action information, as provided by RMLS of Portland and our Items of Value which focuses on local information. In today's real estate market, as a seller pricing and staying head of the market is everything.  As a buyer there are more homes available for sale now then in years past, and this gives the home buyer a greater selection to choose from.  It is still a great time to purchase a home, while interest rates are still below double digits, and there are still many loan programs out there to enable most buyers to purchase a new home. Call me for more information.  I can assist you with your purchase of a new or a previously owned home in some of Portland Metro's hottest areas such as Hillsboro, Bethany, Beaverton, Aloha, Cornelius, Forest Grove, Gaston, North Plains, Banks, Portland, Tigard and Sherwood just to name a few. Please use my Home Search Program to search the greater Portland Metro areas.  There are programs to assist first time home buyers, someone who has not owned a home in the past 3 years, with the purchase of a new home.  Call me, and we can discuss your options. Are you having difficulty with making your payments or have a friend or family member who is? Call me and we can work together to help them in the right direction.  All information discussed is strictly confidential. If you own your own home or land that you're thinking of selling, I would like to provide you with a FREE Home Evaluation.

In addition, if you have any questions about the buying or selling process for real estate within the state of Oregon, please contact me as I'm more than willing and qualified to help. Making Home Affordable.gov...Help for America's Homeowners.. Are you eligible? You'll never know until you go the the site, www.makinghomeaffordable.gov  Don't wait! Please browse my website for listings, reports, important local real estate information as well as community events. Please visit my links to my helping hand campaign, where you can directly link to Oregon Food Bank, Open Door Counseling Center and Community Warehouse to support their service to our community. Sincerely, Vicki Burr Broker, e-Pro, Realtor Your Personal Real Estate Consultant For Life Century 21 Wright-Christie & Assoc., Inc. Beaverton, OR  503-290-6204

Oh, By the Way! I am never too busy for any of your referrals..