If you are still confused about the $8,000 Tax Credit then you need to keep reading. The tax credit is still available, but will end on November 30, 2009. That means if you are a first time home buyer and have not found a home and negotiated a contract on it, you need to call me today to get started on your path to home ownership and the best thing your Uncle Sam is ever going to give you. Time is ticking away and you need atleast 30 days from the time of contract exection to the closing date. Not sure if you qualify? If you have never owned a home, you qualify. If you have not owned a principle residence in the last three years, you qualify.
What does the credit actually mean for you? The credit from Uncle Sam is 10% of the home’s purchase price up to $8,000. The only repayment required is if you sell the home within three years of the purchase. Are there any income restrictions? The limit on income is $75,000 for a single person or $150,000 for a married couple. Call me today to get started because time is ticking away and your free money from Uncle Sam will be gone!