Home Buyer Tax Credit Extended & Expanded; We Give you Cash Too - By: Allan Michael Taylor

The popular first time home buyer tax credit is extended and to sweeten the deal, Congress expanded the tax credit to many people who already own homes. As many of you know, as part economic stimulus package, most first time home buyers are eligible to receive tax credit up to $8000 which was scheduled to expire by end of November. Now, move up home buyers who have owned and lived in their current homes for at least 5 years are eligible to get up to $6500 tax credit by purchasing a new owner occupied home. The new deadline is May 1st which means that you must sign the purchase contract by May 1st and close escrow by June 30th of 2010.

Again, to take advantage of this tax credit you must live and use the home you are purchasing as your primary residence. Investors are not eligible for this credit. The income cap is also higher now. The income cap for single filer is now at $125K and joint filers at $225K and the maximum purchase price is $800K. The purchase limit is pointless for most home buyers in United States but most people that are looking to buy a single family home in West LA, Beverly Hills, Santa Monica and other part of California won't be eligible for the tax credit because these homes are usually over $800K. Here is what we can do for everyone; even the investors.

What we can do for you:

Our firm, Platinum Capital Realty, offers our buyers cash rebate up to 50% of our commission for representing them. It's very easy to get our buyer cash rebate. All you need to do is, find the properties yourself by searching through internet, see it yourself or go to open houses. You need to sign an agency agreement with our firm and let everyone know that you are being represented by Platinum Capital Realty so we can represent you and be eligible to receive the buyer commission. Once you are ready to make an offer, just give us a call and we would do the rest. We do our research to make sure it's a good deal, negotiate on your behalf and handle escrow process till closing. We even call the listing agents to schedule showings for you and help you with loan approval. You can also search for all types of available homes, condominiums and apartment buildings including foreclosed properties through our property search engine. All of these services are at no cost to you and on top of that we give you up to 50% of our commission to you. You can apply that towards your closing costs or get a check few days after close of escrow. So buyers that are eligible to get the tax credit can also get extra cash by working with us.

Everyone is welcome to take advantage of this buyer cash rebate. Investors looking for shopping centers, apartment buildings, industrial buildings are all eligible to receive our buyer cash rebate.

Here are few examples of rebates we have given to our buyers. Last week, we gave $12,705 and $9700 rebate to 2 of our buyers. We are closing escrow for a buyer next week that is purchasing a home for $1.5M and he will get $18,750 at close of escrow. To learn more about our Buyer Cash Rebate program, please visit our website at http://www.900flat.com or give us a call at 877-900-FLAT.

About the Author

Shawn Shayestehfar is the broker/Managing partner of Platinum Capital Realty. He specializes in buyer cash back, foreclosure, and commercial real estate.

Article Directory Source: http://www.articlerich.com/profile/Allan-Michael-Taylor/45501

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