First Time Home Buyers Driving Sales!
The National Association of Realtors is reporting that first time home buyers are driving sales for February and beyond! For those that don’t know, a first time home buyer can receive an $8,000 credit on their 2009 tax return. Not a deduction, A CREDIT! An $8,000 cold hard cash refund, in addition to all the other advantages such as mortgage interest deductions, some closing costs are deductible, etc.
The great thing about this is that not only do first time home buyers receive this credit, so does anyone who has not owned a home for three or more years! This is valid on all homes that close prior to December, so don’t wait! Hurry now! Contact me to explain this in more detail or to start looking at some of the most affordable homes ever in our lifetime.
Source: http://www.realtor.org/RMODaily.nsf/pages/News2009032301?OpenDocument
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Tags: $8000 tax credit, Business, Closing cost, Financial Services, First Time Home Buyer, Home, Mortgage, National Association Realtors, Tax deduction, United States
