Homebuyer Tax Credit
Time. There's only so much of it.
Money, apparently there's enough of it to give away. Eight Thousand Dollars. Nothing to sneeze at!
It's simple logic. If someone is thinking of buying a home over the next couple of years, it may be prudent to move on that prior to December 1, 2009. Everyone has heard of the First Time Homebuyers Tax Credit, but there is some confusion on who is eligible and how the credit is applied.
Generally speaking, if someone has not owned or sold a home in the past three years --- they have a good chance of being eligible for the tax credit of up to $8,000. For more information, contact me or your Realtor directly. In the meantime, here are the nuts and bolts of it as posted on the National Home Builders Association website.