News from the National Builder's Association:

$8,000 First-time Home Buyer Tax Credit at a Glance

  • The $8,000 tax credit is for first-time home buyers only. For the tax credit program, the IRS defines a first-time home buyer as someone who has not owned a principal residence during the three-year period prior to the purchase.
  • The tax credit does not have to be repaid unless the home is sold or ceases to be used as the buyer's principal residence within three years after the initial purchase.
  • The tax credit is equal to 10 percent of the home's purchase price up to a maximum of $8,000.
  • The tax credit applies only to homes priced at $800,000 or less.
  • The tax credit now applies to sales occurring on or after January 1, 2009 and on or before April 30, 2010. However, in cases where a binding sales contract is signed by April 30, 2010, a home purchase completed by June 30, 2010 will qualify.
  • For homes purchased on or after January 1, 2009 and on or before November 6, 2009, the income limits are $75,000 for single taxpayers and $150,000 for married couples filing jointly.
  • For homes purchased after November 6, 2009 and on or before April 30, 2010, single taxpayers with incomes up to $125,000 and married couples with incomes up to $225,000 qualify for the full tax credit.

The $6,500 Move-Up / Repeat Home Buyer Tax Credit at a Glance

  • To be eligible to claim the tax credit, buyers must have owned and lived in their previous home for five consecutive years out of the last eight years.
  • The tax credit does not have to be repaid unless the home is sold or ceases to be used as the buyer's principal residence within three years after the initial purchase.
  • The tax credit is equal to 10 percent of the home's purchase price up to a maximum of $6,500.
  • The tax credit applies only to homes priced at $800,000 or less.
  • The credit is available for homes purchased after November 6, 2009 and on or before April 30, 2010. However, in cases where a binding sales contract is signed by April 30, 2010, the home purchase qualifies provided it is completed by June 30, 2010.
  • Single taxpayers with incomes up to $125,000 and married couples with incomes up to $225,000 qualify for the full tax credit.

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$425,000
Morgan VT

REDUCED TO $425,000. Custom, Architect's design, 3-pronged home, mostly furnished ON SEYMOUR LAKE. Private as you can get on this lake. 200' shoreline. Dock,basement, gorgeous setting. Fireplace, 10' windows in living room. Slate & wood floors. Patio off foyer. Screen porch.

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$146,000
Brighton VT

Ride to VAST trails from snowmobile shed in garage. Woodstove in large Liv.Rm. Radiant heat under tile in beautiful kitchen. MUsic rm or office. Close to Island Pond for swimming, Burke Mt. for skiing & in the Kingdom. Some recent roofing. Spa( in part fin. basement room)is included. Neg: rider mover/snow blower. Hutch & mus.rm cabinet included.

New Hampshire Real Estate Listing Thumbnail
$55,000
Westfield VT

All permitted.Surveyed & waste water permits in files. To be sold for PRIMARY RESIDENCES ONLY, Near Jay Peak 4-season resort, golf courses, lakes, mts, in area. Price includes Power & phone to be installed 9/09 by sellers. Pinned & marked at road. Perc sits visable. Realtor/owner.

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$50,000
Westfield VT

All permitted.Surveyed, waste water permits in file.For PRIMARY RESIDENCE ONLY. Near Jay Peak 4-season resort, golf courses, lakes, mits in area. Price includes Power & Phone to be 9/09 by sellers. This is 2nd lot after that last house on right.Lot#1 SOLD & buyer cleared. Pinned & marked. Perc sites visable. Realtor/owner.

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$60,000
Brighton VT

10.99 acre lot on dead end private road. 1000 gallon septic, drilled well and underground power.Small travel trailer on cement slab. Vast Trail.

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$139,999
Brighton VT

PRICE REDUCTION!26 x 88 Self Storage Building with 19 units on 2.5 acres.Permitted for a additional 26 x 88 unit.SELLERS WILL CONSIDER ALL OFFERS.

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$89,000
Brighton VT

PRICE REDUCTION!43 acres with two separate deeds, one with 30 acres the other with 13. Cleared area on the Oswegatchie Brook with 750 gallon septic, Dug spring power all installed.Possible owner financing.

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$239,900
Brighton VT

Extra clean almost new 2006 two bath 1 1/2 story Chalet on .74 acres. Stunning maple floors in kitchen, dinning room & living room with ceramic tile and berber carpet also accents interior flooring.12x28 deck off of living room.Loft with sitting area and 12x28 bedroom.Full finished basement with radiant heat in floor.System 2000 heat.Vast Trail.

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$145,000
Charleston VT

In the middle of snowmobiling and big game hunting is where you will find this 3 bedroom 2 bath 2000 Ranch on 16.1 acres.Your choice of propane,electric or wood heat.Open area by home with 8' deep pond.Extra area on property that has 1000gallon septic,underground power and water hook up fron a private dug well.2 storage buildings. Handicap Acess.

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$269,000
Derby VT

Wonderful setting. Back lot with house, middle lot, both owned with 80' leased lakefront lot. BIKE PATH is here! House on full basement, remodeled in 1991. Appliances in kitchen, plus washer & dryer included. Water from shared well (deeded rights) with 3 others. LOVELY SETTING!!!

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$699,000
Morgan VT

Unusual opportunity for PRIVACY on LAKE SEYMOUR. End of the road (private rd). Lovely 3 bd home, basement, gas heat, cooking & hot water. Shed could convert to garage. 257' shoreline, 4.99 acres. Some only dream about this lovely setting. This could by yours!!! Shed w/o power, water or sewer.

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$159,000
Morgan VT

REDUCED to $159,000 ~~ 50' owned strip to SEYMOUR LAKE across from house w/steps to lake. Being surveyed. Used as 3-Season home.Basement, OHA furnace, woodstove. BEAUTIFUL sunsets & lot. 2 screened porches, both front & back. Easy Access.

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$155,000
Morgan VT

Unbelieve about altitude and Western (270 deg ) view. 2000' at top. Cabin @ 1980' elev. Seller will put in road from logging yard to cabin this Fall. Don't drive vehicles on this rd. Seller wants it to SET over winter.4-wheeler access with permission is okey.

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$350,000
Brighton VT

PRICE REDUCTION! Completly Furnished.Pine walls with brick fireplace in huge living room area that overlooks the lake.Full bath on main level with three bedrooms on second floor with3/4 bath. Largse outside deck for all your occasions. 18'pontoon boat,alumunium dock and 125 horsepower power boat included.Wired for gen.150'lake frontage. Vast Trai

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$119,500
Derby VT

Great starter home in nice location. Three bedrooms with hardwood floors throughout,one and a half baths.Two car detached garage with circular driveway. Vinyl siding & vinyl windows.Serene backyard. Home is in great shape.

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