Just a quick note that time is running out to qualify for the 2009 First-Time Home Buyer Tax Credit. We’ve done a video that clearly explains the benefits of the program and why you need to act NOW (if haven’t already) to qualify.
You have to close your new home by Nov. 30, 2009 to qualify for up to $8,000. This isn’t a tax deduction. It’s a tax credit and that means you’ll get a refund even if you don’t owe any taxes.
This is the best time in my life to be a first-time home buyer and anyone who waits because they aren’t sure what they should do will probably kick themselves later on, once they realize they let the opportunity slip by. It’s almost a perfect storm for being a first-time home buyer: Mortgage rates are near historic lows, home prices have dropped significantly and it’s the best buyer’s market in decades - AND the $8,000 2009 First-Time Home Buyer Tax Credit is available to anyone closing on their home between now and Nov. 30, 2009. Check out our First-Time Home Buyer Tax Credit video below for more info: