There has never been a better time to purchase your a home. A large tax credit has been extended until the end of April, which makes buying property an attractive alternative to renting. This tax incentive coupled with low mortgage rates for those with good credit and plenty of properties to choose from make now the perfect time to buy
If you are a first time buyer, condos for sale are the most affordable solution which allows you to outright purchase a residence while living conveniently near work, shopping, and other parts of your daily routine. On the other hand, paying rent on an apartment offers no tax benefits and does not count towards any type of ownership.
If you purchase a Newport Residences Showflat before April 30th, 2010, you may be eligible to spend less and save even more on your home purchase thanks to the tax credit. This incentive will provide a check of 10% of the purchase amount (up to $8,000) and can help offset the cost of closing and any other fees associated with buying real estate.
This tax credit is available to first time home buyers on qualifying real estate purchases, and is designed to eliminate concern and provide financial relief to responsible, potential owners. The most recent extension will allow "late buyers" to access the credit, provided the essential paperwork has been signed and the deal official by the end of April. Additionally, current owners moving to a new residence can take advantage of a $6,500 tax credit, if they sign a contract by April 30.