Most of you are now aware of the government’s new Homeowner Affordability and Stability Initiative and the Tax Credit of $8,000.00 for “new home buyers.” For this Tax Credit a “new home buyer” is defined as not having owned a principle residence during the three-year period prior to purchase. Two good links explaining the Tax Credit for new home buyers are:
http://www.newquestcity.com/templates/contentpages/stimulus/firsttimehomebuyer.cfm
http://money.cnn.com/2009/02/13/real_estate/homebuyer_tax_credit_finalized/index.htm
Review this information and use this to your advantage. Please contact me if you have any questions regarding the Tax Credit.
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