$8000 Tax Credit for First Time Buyers

by Lynette Chapman on February 17, 2009

in For Buyers, For Sellers, General Information

President Obama signed the Economic Stimulus bill today. Included in the bill is a First Time Buyer tax credit that is sure to motivate potential buyers. Here are the highlights:

Maximum credit of $8000

Does not have to be repaid

You can take advantage of this if you haven’t owned a home for 3 years

You must buy a home between Jan. 1 – Dec. 1, 2009

You must live in the home 3 years

This tax credit along with historically low interest rates make it a great time to buy!

Visit my website at LynetteChapman.com to search all of the homes for sale in and around the Wichita area. Or Call me at 316-806-7090 with your criteria so that I can email you a list of homes that meet your criteria including bank foreclosures and distress sale properties! I can also pre-qualify you over the phone, for FREE! Let’s get started!