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CONTACT: FOR IMMEDIATE RELEASE: The Cottages on Commonwealth Offers Great Opportunity for First-Time Home Buyers Charlotte, NC (September 23, 2008) –The Cottages on Commonwealth, featured community of K2C Real Estate Solutions, is a great option for first-time homebuyers. Now that President Bush signed a new legislation on July 30 that provides first-time home buyers with a $7,500 tax credit, it is an ideal time to make an investment purchase. The tax credit is available for first-time home buyers only and homes purchased on or after April 9, 2008 and before July 1, 2009. The tax credit works like an interest-free loan and must be repaid over a 15-year period. “The Cottages on Commonwealth appeals to young professionals, whether they are single or married,” says Jake Kent, President of K2C Real Estate Solutions. “Many of these first time homebuyers can benefit from this tax credit when buying in an already affordable Uptown setting.” The Cottages on Commonwealth will include sixty-three homes in the Oakhurst section of Charlotte. The homes feature 1500 to 2500 square feet, and prices start in the $200s. For more information about the Cottages on Commonwealth, visit www.cottagesoncommonwealth.com. For more information about the home buyer tax credit, visit www.federalhousingtaxcredit.com
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