$8000 First-Time Home Buyer Tax Credit: It Truly Is a Buyer's Market

In February, the Obama administration passed another stimulus bill into law approving up to $8000 as a refundable tax credit for first time home buyers.  With home prices falling, interest rates at all time-lows, and the government providing financial support for first time home buyers, there has never been a better time to buy a home.

All you need to qualify for the tax credit is...

1. To buy a home between January 1, 2009 and November 30, 2009 provided that you have not owned a home in the last three years.
2. To make less than $75,000 annually as an individual or $150,000 annually if you're married.  And even if your salary exceeds these amounts, you may still qualify for a partial tax credit.
3. To file for the credit on your 2009 tax returns or amended 2008 tax returns.

And the best part is that the money is yours.  So long as you do not sell the home in the three years following your purchase, the government does not require repayment.  Once you've filed for the tax credit, it's applied against your 2008 or 2009 federal returns and after your tax payment for the year any excess in the $8000 up to the full amount will be sent to you as a refund.

Don't miss out on this once in a lifetime opportunity!  If you've been thinking about ditching the renter's life, take a look at our  homes our submit your information and we will send you a free list of available properties.  If you find a fit we'll help you through sail smoothly into your new home!