Deadline Looms for $8,000 Tax Credit
The deadline looms for the first time home buyer tax credit. The program has been quite a success in the past 6 months, but in order to take advantage of this tax credit buyers must close on their new home by November 30, 2009. To close by this date buyers need to expect to sign a purchase agreement no later than 11/15/09.
The federal tax credit is for up to $8,000 for first time buyers making less than $75,000 for singles and $150,000 for married couples.
Many first time buyers are renters who are currently paying nearly the same in rent as they could to own a home. The Federal Housing Tax Credit has been a huge success which has helped the real estate market and new home industry see an increase in sales. For anyone who is looking for a home or thinking of extending their lease, now is the time to stop by one of our model centers to see how easy it is to buy a home now.
With several Highland Homes communities in USDA financing territory, many buyers are purchasing homes they only dreamed with just $499 down and then receiving an $8000 tax credit check in the mail just weeks after they purchase.
For more information on the tax credit, visit the Federal Housing Tax Credit website.
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