Jay & Tami Jasper for Excelsior, Chanhassen, Shorewood, Lake Minnetonka, Eden Prairie, Chaska and Bloomington, Minnesota real estate
Contact Jay: 952-239-8018 - Tami: 952-239-8028
Jay and Tami Jasper Home
About Jay and Tami Jasper
Search For Homes
Featured Listings
Relocation Guide
Buyer and Seller Reports
Jay and Tami Jasper's Testimonials
Contact Jay and Tami Jasper
Search for Homes Buyer and Seller Reports
 
 

The Western Suburbs offers people a unique blend of natural beauty and outdoor recreation while still being close to the culture and amenities of downtown Minneapolis. When it comes to real estate in this unique marketplace, Jay and Tami Jasper offer a similar combination of skills, insight and experience. This husband and wife business team blend more than 30 years of experience in local real estate, building and land development. It’s a powerful combination that allows clients to make informed and well-educated investment decisions.

So when you’re ready to make your move in the Western Suburbs, be sure and give Jay and Tami Jasper a call. With their shared drive, dedication and commitment, they represent The Perfect Blend in real estate service and you can count on these consummate professionals to go out of their way to ensure you make the most of your real estate opportunities.

Jay & Tami Jasper proudly serve the real estate needs of residents of Excelsior, Chanhassen, Shorewood, Lake Minnetonka, Eden Prairie, Chaska and Bloomington, Minnesota.

Frequently Asked Questions Regarding Homebuyer Tax Credit

Question:     Existing homeowner credit: Must the new house cost more than the old house?

Answer:         No. Thus, for example, individuals who move from a high cost area to a lower cost area who meet all eligibility requirements will qualify for the $6,500 credit.

Question:     I am a first-time homebuyer but was not within the prior income limits at the time I entered into my contract to purchase on October 30, 2009. I will be covered, however, by the new income limits. If the new rules have been signed into law by the time I go to settlement, will I be eligible for a credit?

Answer:         Yes. The new income limitations go into effect as soon as the President has signed the bill.

Question:     I am an eligible existing homeowner. I have a fair amount of equity in my house. I have found a home with a non-negotiable price of $825,000. Will I be able to use any of the $6,500 tax credit?

Answer:         No. The $800,000 cap on the cost of the purchased home is firm at $800,000. Any amount above $800,000 make the home ineligible for any portion of the credit. The $800,000 is an absolute ceiling.

Question:     I owned my home for 10 years, but sold it two years ago and have been renting since. If I purchase a home, will I be eligible for the $6,500 tax credit if I meet all the other eligibility tests?

Answer:         Yes. Because you lived in the home for more than 5 consecutive years of the previous 8, you will qualify for the $6,500 credit. 

Question:     I am eligible first-time homebuyer. I entered into a contract to purchase on November 1, 2009. Do I have to go to closing before December 1? How does the extension date affect me?

Answer:         You do not have to close before December 1. Once the legislation has been signed, it will be as if the Nov 30 date had never existed. Therefore, so long as the contract settles before April 30 (or July 1, worst case), the purchaser will be eligible for the credit.

  Home | About Us | Home Search | Featured Properties | Relocation | Reports | Testimonials | Contact

Edina Realty
2655 West 78th Street | Chanhassen, MN 55317
Contact Jay: 952-239-8018 or Jay@JayandTamiJasper.com
Contact Tami: 952-239-8028 or Tami@JayandTamiJasper.com