Attention First Time Home Buyers:
Put the Newly Enacted Tax Credit Legislation to Work for You! If you are thinking about buying your first home, now may be a great time to make your move. For a limited time, qualified first-time homebuyers may receive a tax credit up to $8,000 as part of the American Recovery and Reinvestment Act of 2009.
If you plan to live in the home as your primary residence and have not owned a home during the past 3 years, you may qualify for the tax credit. As long as the home remains your primary residence for at least 3 years, you will not have to repay this tax credit.
Here is more information about the tax credit:
- Available to first time homebuyers
- 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-newly constructed or pre-existing homes
- The tax credit does not need to be repaid unless the home is sold within the first three years after purchase
Take your first step by consulting with your tax advisor for more details and information and then call Lisa Amorosa at Wells Fargo Home Mortgage, 772-231-3767 to start the pre-approval process. Once you are pre-approved, contact Cheryl Goff at Starfish Real Estate to schedule a tour of the best available homes in your price range.
