Buying First Home? Do not miss out on the First Time Home Buyer Tax Credit.
Right now there is an opportunity that First Time Home Buyers can’t pass up. The Federal government is offering a tax credit of up to $8,000. If you are even just starting to think about buying a home for the first time you really need to look into this.
This is an opportunity that will end on April 30, 2010. Between now and April 30, 2010, first time homebuyers can receive a federal income tax credit of up to $8,000 if they purchase a home. This federal tax credit that will not be extended! This applies if you are a first time home buyers or those who have not owned a home in the past three years. This is a fantastic opportunity for first time homebuyers who have been thinking about getting into the real estate market. You won’t have an opportunity like this again in your lifetime. If you have an income level of less than $125,000 for singles or $225,000 for married couples you may qualify.
If you are going to take advantage of this opportunity, you really need to get moving. You have to sign the written binding agreement prior to April 30, 2010 and close on the home by June 30, 2010. The thing to do is contact your tax professional or your local Coldwell Banker since other restrictions may apply. This offer will not be extended so get moving. This is something that you will tell your grandchildren about.