Tax Credit Extended - Great News for Breckenridge & Summit County Real Estate

By -
There is exciting news for potential homebuyers and homeowners, the existing government tax credit has now been extended and expanded.

The first-time homebuyer tax credit has just been extended through the end of April. In addition, an expansion of the program now includes a tax credit of $6,500 to homeowners who have lived in their principal home for at least five years and are purchasing a new residence.

Qualified buyers will be able to claim the tax credit on 2009 or 2010 tax returns. Some restrictions on income limits, property type and eligibility may apply.

View details on the tax credit via this RIS Media Article and learn the answers to questions about the buyer and owner credits through the Q&A via The New York Times.

Comments

Post a Comment

Popular posts from this blog

Breckenridge's Real Estate Hot List - January 2011

By -
Image
62 Mountain View Drive, $439,000 **CONTRACT PENDING (Blog Post updated on January 24, 2011)** – A Single Family Home listed slightly over $400K? What a deal! The Blue River just off your back deck, this 3 Bedroom/2 Bath home built in 2000, with a 2-car garage, has to be one of the best deals out there. Close proximity to Main Street Breckenridge, just 5 minutes south of town. Don’t let this one pass you by. **PENDING CONTRACTS MAY NOT LINK TO MLS LISTING** The Atrium #306, $489,000 **CONTRACT PENDING (Blog Post updated on January 24, 2011)** – 3 Bedroom/3 Bath plus Loft, right in town next to Carter Park and on the bus route. Underground parking, hot tub and owner financing! One of the best deals in Breckenridge for a large residence in a great location. **PENDING CONTRACTS MAY NOT LINK TO MLS LISTING** Main Street Station #1411, $649,000 – This has to be one of the best locations in Breckenridge. Right on Main Street and walk to the Quicksilver Lift. This 2 Bedroom/2 Bath res
Read more

About Breckenridge Associates 2019

By -
Image
Whether it's the mountains, the solitude, the snow sculptures or the music festivals, people look for real estate around Breckenridge for a reason.  Maybe they're hoping to make a connection — with family, the mountains or a healthy lifestyle.  Whatever the goals may be,  the professional Realtors® at Breckenridge Associates is the hometown team, with unparalleled knowledge about Summit County. Breck Associates Real Estate can help find the perfect match for those important goals. Something similar drove every one of the Summit County Realtors at Breckenridge Associates when making this wonderful town their home. Love of the community drove us to form a team that sells more real estate than any other single office in Summit County. We're dedicated to Summit County and the surrounding communities - our only office is the red brick historic home on Main Street, Breckenridge. Come up the path and onto the porch and see what's for sale. The old place is
Read more

Local Real Estate Statistics: October 2013 versus October 2012

By -
Image
Fall was another great month for real estate here in Summit County and Breckenridge. Breckenridge Statistics In Breckenridge, fall time was still showing momentum for the real estate market.  There were 22 single family homes sold in the month of October.  At the end of October, the single family market was up almost 12% compared to the same time as last year.  The condo market has been doing fantastic this year.  In the month of October, 38 condos sold in Breckenridge.  The condo market is ahead almost 50% compared to last year.  Three duplexes and 9 townhomes sold last month compared to only 5 duplexes and 4 townhomes in October 2012.  As of November 7th, there were 88 pending residential properties in Breckenridge.  Although the number of transactions and dollar volume are increasing year over year, the average sales price continue to remain steady or in some cases, decline.  At the end of October, the average sales price for a condo in Breckenridge is remaining stable at 4.35%
Read more