Home Buyer Tax Credit gets an upgrade
In an effort to boost the economy and jumpstart real estate sales, Congress recently enacted a bigger and better tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence on or after Jan. 1, 2009 and before Dec. 1, 2009.
This tax credit is $500 higher than the home buying incentive that was included in the legislation passed last summer and it does not have to be repaid.
The current definition of a first time buyer is someone who has not owned a home in the past 3 years. So you may qualify and not even know it! This is a great time to buy and this is just an extra bonus to let buyers know THIS is the oppurtunity of a lifetime to get in a house and come out smelling like a rose.
For more information check out my website at www.TheCarolinaCrew.com