Give a Dog a Home: Homebuyer Credits Make it Possible
This is a Sponsored Post written by me on behalf of Coldwell Banker. All opinions are 100% mine.
One of the reasons that is most popular for surrendering a pet to a pound is the inability to find living accommodations where the pet is accepted. If you can afford to pay rent, but find apartments that accept larger dogs or multiple cats dwindling, what about purchasing a small home or condo? Sometimes the mortgage is equal or less than paying monthly rent. Homeowners also receive tax credits for mortgage interest paid. Now is a good time to call your own shots with the 2010 Homebuyer Tax Credits that are available.
- First time homebuyers can receive a tax credit of up to $8,000. To qualify, you must not have owned a home in the past three years.
- A credit if up to $6,500 if you are purchasing a home, and have lived in your current home five of the last eight years.
- Income limits are $125,000 for singles and $225,000 for married couples.
Paperwork must be drawn up and a binding sales cntract must be present by April 30th. Home must transfer ownership by June 30, 2010.
Home ownership not only saves the lives of pets through the owner being allowed to keep their pets, but stimulates the local economy. A home owner purchases lawn equipment or employs a service, spends money at the hardware and home improvement store to customize their home and to make repairs, and outlays money to decorate. In addition, neighborhoods with occupied versus vacant homes deter crime.
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