8,000 Reason's You should buy Real Estate on the Kenai Peninsula this Year!

If you are even remotely thinking you or somebody that you know might be interested in buying a home in the Kenai or Soldotna area, You need to serioulsly consider doing it this year! With interest rates at all time lows, there is no better time to purchase your first home on the Kenai Peninsula. Contact Les @ Crane & Associates Realty and lets get started on making your dreams a reality!

If you can answer YES to these following questions, you could be eligible for a $8,000 tax credit on your 2009 taxes!

  • Have you owned a home in the last 3 years?
  • Will you purchase by November 30th, 2009?
  • Will you stay in the home for 3 years?
  • Does your income qualify?

Additional Information about the 1st Time Home buyers tax credit and how it applies to you

Who Qualifies? Any 1st Time Home Buyer:

     Definition: Individual with no ownership interest in a primary

     residence in previous 3 years

How Much: 10% of the purchase price up to $8,000.  Purchase price of

     $80,000 or more will receive the full credit.

When: Homes must be purchased between January 1st & November 30th, 2009

Income Limits: Single Individual with income up to $75,000 &

     Married Couples with income up to $150,000

     Above these limits, credit is prorated by the ratio of income over $75,000       

     for singles up to $95,000 & $150,000 up to $175,000 for married couples.

Other Requirements: Cannot be purchased from spouse or relative.

     You do not have to repay the credit if you keep the home for 3 years.