#3 - Top Government Grants and Rebates for BC Home Buyers and Sellers

HAPPY MONDAY!

    I hope you had a great weekend spending time with friends and family. Now it's  back to work for all of us! As I'm writing this I'm asking myself: "When did I become an adult?". Mortgages and Saving money? It doesn't seem like that long ago my days consisted of coming home from school, eating crackers and cheese, and watching save by the bell. :) Don't laugh, you know you loved those shows as well. :) Anyways..... I'll deal with my semi-mid life crisis later and move onto what this post is supposed to be about: GOVERNMENT GRANTS!

Now this one is GOOD.

Drum roll please......................

#3 - TEMPORARY FIRST-TIME HOME BUYERS BONUS 

The B.C. First-Time New Home Buyers’ Bonus is a one-

time payment worth up to $10,000! B.C residents who are first-time home buyers and who purchase an eligible new home before April 1, 2013 may be eligible for this 

bonus.

Having a hard time coming up with a down payment? 

This is your solution! 

A first-time home buyer is an individual who has never previously owned a primary residence anywhere in the world.

A primary residence is generally a house that you own (jointly or otherwise), and that you intend to permenantly reside in. You may have more than one place of residence, but you are considered to have only one primary residence.

Qualifications

You may qualify for the bonus if you meet all of the following criteria:

• -You purchase or build an eligible new home in B.C.
• -You and your spouse or common-law law partner are first-time home buyers
• -In the case of multiple buyers of a home, each buyer is a 
  first-time home buyer
• -You file a 2011 B.C. resident personal income tax return or, if you move to B.C. after December 31, 2011, you file a 2012 B.C. resident personal tax return. (you are not eligible for the bonus if you move to B.C. after December 31, 2012)
• -You are eligible for the B.C HST New Housing Rebate as well. (Stay tuned on THURSDAY for more info on this rebate)
• -You intend to live in the home as your primary residence
• -No one else has claimed a bonus for the home

How do I know which homes qualify for the $10,000 grant?

Feel free to call me on my direct line at 604-910-LACE (5223). I'd love to tell you how. 
Have a great week and stay tuned for MORE! 

Lacey Forward 

www.homeswithlacey.com 

604-910-LACE(5223)