First Time Home Buyer Tax Credit

Lou Della Posta — Tue, 22 Sep 2009 14:39:00 GMT

By now most people who are interested in buying a home realize that the government is offering a tax credit for first time buyers. Depending on your income this credit could be as high as $8,000.00. This is a terrific opportunity for those who qualify to get some great tax benefits their first year of home ownership. The program is scheduled to end on November 30th. So, if you are in the market for a home and you're a first time buyer you should act fast. In general these are the types of things that would need to happen in order for this work before Nov. 30th.

A) Get pre-qualified by a mortgage company or bank

B) Contact a Real Estate Professional

B) Find the property that best suits your needs and your pocket book

C) Make an offer (negotiate a price)

D) Conduct inspections (if needed)

E) Close before November 30th of 2009.

Seems like a lot, but, if you start soon it is definitely possible! Best of luck!

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First Time Home Buyer Tax Credit