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I appreciate the professional manner You were especially patient, paying attention to the fact that I was interested in all the details and what to expect Christine Cutler Read Quote > View All Quotes >
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Dick and Sue Cole are two of the
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Welcome! Here you can find great information on Warsaw, Winona Lake, Indiana Real Estate Plus Winona, Chapman, Tippecanoe & other Area Lakes! 2009 HOMEBUYER TAX CREDIT IMPORTANT FACTS BELOW
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Looking for homes? From luxury lakefront properties to conventional homes or vacation lake homes, you can search everything the web has to offer, right here! Don't miss our Feature Homes. Need local real estate information? We've summarized much of what is important about the Warsaw, Winona Lake and the many area Lakes lakefront properties and channel front lake homes in this site. Need expert advice? No web site, large or small, can take the place of a top Realtor. Not even ours! This site is filled with ways that you can contact us for 1-on-1 expert help and advice. That's our job. Contact us with confidence! We guarantee your privacy will be respected. And we offer the services on this site for free and without obligation. Why? We want to be YOUR Realtors. As your trusted, professional real estate partners, we will help you find the best home in your area within your price range. And together we will sell your home, for as much as the market will bear, and as quickly as possible. Buying and selling a home is one of the biggest events in your life. As top Warsaw and Winona Lake Realtors, we have the experience and track record you are looking for. It would be our pleasure to help. - Dick & Sue Cole 
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Time is Running Out!
Home Buyer Tax Credit Expanded & Extended* to April 30, 2010
* First-time & repeat buyers now eligible for $6,500 - $8,000 tax credits.
10 Important Facts about the Homebuyer Credits
IRS Special Editions Tips 2009-13
Here are the top 10 things the IRS wants you to know about the expanded credit and the qualifications you must meet in order to qualify.
1. You must buy or enter into a binding contract to buy a principle residence on or before April 30, 2010.
2. If you enter into a binding contract by April 30, 2010, you must close on the home on or before June 30, 2010.
3. For qualifying purchases in 2010, you will have the option of claiming credit on either your 2009 or 2010 return.
4. A long-time resident of the same home can now qualify for a reduced credit. You can qualify for the credit if you have lived in the same principle residence for any five-consecutive year period during the eight-year period that ended on the date the new home is purchased and the settlement date is after November 6, 2009.
5. The maximum credit for long-time residents is $6,500. However, married individuals filing separately are limited to 43,250.
6. People with higher incomes can now qualify for the credit. The new law raises the income limits for homes purchased after Nov. 6, 2010. The full credit is available with modified adjusted gross incomes up to 4125,000, or $225,000 for joint filers.
7. The IRS will issue a December 2009 revision of Form 540S to claim this credit. The December 2009 form must be used for homes purchased after Nov. 6, 2010, whether the credit is claimed for 2008 or for 2009, and for all home purchases that are claimed on 2009 returns.
8. No credit is available if the purchase price of the home exceeds $800,000.
9. the purchaser must be at least 18 years old on the date of purchase. For married couple, only one spouse must meet this age requirement.
10. A dependent is not eligible to claim the credit.
For more information about the expanded First-Time Homebuyer Credit, visit IRS.gov

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