Buy Panama City real estate for sale at Auction with Confidence
Property offered for auction comes from:
- Motivated private sellers
- Estates & trusts where property must be sold
- Banks & lenders where property was collateral
- Government agencies
Real Estate Auctions are not distress sales! Real Estate Auctions are a proven technique for selling property in a compressed time frame at true market value.
Real Estate Auctions have a rich history of success that spans over 3 centuries! Over $58.6 Billion in real estate was sold at
live-auction in the United States in 2008.
Tax Credit
Stimulus Tax Credit - Receive up to $8,000!
A tax credit of up to $8,000 is available for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009. Below are a few details of this tax credit:
- First-time home buyers purchasing any kind of home - new or resale - are eligible for the tax credit.
- The law defines “first-time home buyer” as a buyer who has not owned a principal residence during the three-year period prior to the purchase.
- To qualify for the tax credit, a home purchase must occur on or after January 1, 2009 and before December 1, 2009. For the purposes of the tax credit, the purchase date is the date when closing occurs and the title to the property transfers to the home owner.
- The tax credit is equal to 10% of the home’s purchase price up to a maximum of $8,000.
- The credit does not need to be repaid as long as the home buyer uses the residence as a principal residence for at least three years.
- The buyer will claim the credit on their federal income tax return, and no pre-approval is necessary.
For complete information and eligibility, please visit:
http://www.federalhousingtaxcredit.com/2009/faq.php
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Getting started is easy. Just fill out our simple form and let us find Panama City FL real estate for sale in our catalog that matches your interests:
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