Free Money from the Government
Greetings. I had every intention of blogging from Mexico and letting you all know about the prices for a piece of paradise, but somewhere in between my margarita and my dip in the ocean, I neglected to visit the internet cafe. Life is good in Sayulita. Have any questions about some fantastic places to travel in Mexico, on the cheap? Call me!
You probably are aware that President Obama signed the Economic Stimulus Measure. There is a lot to know about this package and many opinions floating around about it's features. One feature I would like to point out is the $8,000 in tax credit that one can get for buying a home in 2009. If you are a first time home buyer, or have not owned a home in the past three years, you are eligible. With your 2009 purchase you receive $8,000 to take care of some of your 2009 tax debt. Better yet, if there is any unused portion towards your taxes, the government will actually write you a check for the remainder! This credit is 'free money' in the sense that you do not have to pay it back IF you keep the house for three years or longer. There are a lot of itty bitty details to this deal so if you are interested, call me, and I will point you in the direction of the legal explanation. Me thinks it's a pretty good deal and a pretty good reason to buy this year if you were already thinking about it. LOTS of houses out there to look at, you will get the pick of the litter! Susanne