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Tis the season to buy a home in Burlington Vermont? Absolutely!

If you have not heard, the government announced that it extended and expanded the tax credit for home purchases.  This means that First-time home buyers in Burlington and all across the country may yet be eligible to receive a credit of up to $8,000 and those moving who have owned for at least five out of the last eight years may qualify for up to $6,500.

What's the catch?

  • You must be under contract to purchase no later than April 30, 2010.
  • You must close on that purchase no later than June 30, 2010.
  • There are some income restrictions
  • Purchase price on a home is capped at $800,000

Visit the national federal tax credit web site for more information. Or call me for the local response to the Federal Tax Credit at (802) 238-1704 for more info. I have yet to meet a person who didn't like free money - take advantage and claim yours now!

Heather D. Myott Mortgage Advisor Coldwell Banker

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