Boulder Real Estate Buyers Need To Act Fast To Claim Their Tax Credit
The federal tax credit for first-time Boulder real estate homebuyers has been expanded. It now includes homeowners who have lived in their current home for at least five years and purchase a new home. Homeowners who buy a new home in Boulder can claim a $6,500 tax credit. A tax credit is much better than a tax deduction because Boulder real estate owners who buy a home will get the entire $6,500. First-time buyers will get $8,000 from the federal government.
Homeowners in Boulder who want to take advantage of this great government program need to get their Boulder real estate for sale as soon as possible and sell their house fast. They need to get their current home sold and get under contract to purchase their new home before April 30, 2010. There are income limits too. The income limit for single taxpayers is $125,000 and the limit is $225,000 for married taxpayers filing a joint return.
Boulder real estate homeowners, who have lived in their current home at least five years, need to complete the following steps to claim their $6,500 tax credit:
1. Get a home value estimate from a qualified Boulder REALTOR® to see if it makes sense for them to sell their home at this time.
2. List their current home for sale with a Boulder REALTOR® who has a Boulder real estate property marketing plan to get their home sold fast.
3. Search Boulder real estate listings to find their dream home and sign a purchase contract before April 30, 2010.
4. Close on both properties by June 30, 2010.
5. Move into their new dream home and collect their $6,500!
Boulder first-time homebuyers need to complete the following steps to claim their $8,000 tax credit:
1. Search Boulder real estate listings to find their dream home and sign a purchase contract before April 30, 2010.
2. Close on their new home by June 30, 2010.
3. Move into their new dream home and collect their $8,000!
Beautiful Boulder, Colorado is located at the edge of the Rocky Mountains and is home to the University of Colorado. Boulder has abundant nightlife, restaurants, and shopping. The Pearl street mall is a great place to stroll and shop. Boulder has great trails for for runners and bikers and is convenient to ski areas.
David Lampe is a residential REALTOR® specializing in the Denver Metro area including Boulder real estate. He has over ten years of Web marketing experience to put to work for buyers and sellers. He combines expert Internet skills with a passion for real estate to assist Boulder real estate buyers and sellers with exceptional service.
Visit David's Web site for more Boulder real estate information, or call him at 303.550.8563.
