Opportunity is Knocking for First Time Home Buyers

If you have been considering purchasing your first home, but have been waiting on the sidelines for the right time, this may be the right time. This year, qualified first time home buyers can receive a tax credit up to $8,000. This is part of the American Recovery and Reinvestment Act of 2009.

Some facts about the Tax Credit:

•Available to first time home buyers
•Credit amount up to $8,000
•Eligible for homes purchased on or after January 1, 2009,
and before December 1, 2009
•Available on single family detached homes, townhomes and condominiums,
new construction or pre-existing homes
•The tax credit does not need to be repaid unless the home is sold
within the first 3 years after the purchase
•Home must be your primary residence
•You have not owned a home during the last 3 years

Interest rates are still low and there are still plenty of wonderful homes available. Now IS a great time to buy a home.