Take Advantage of the Tax Credit Now
Yes, the federal housing tax credit has been extended, but time is still running out to take advantage of the first time home buyer tax credit. The program has been quite a success, which is why it was extended in the first place – so now is the time to be among the millions that have used the $8,000 tax credit to help get them in their first home. In order to take advantage of this tax credit buyers must be under contract by April 30, 2010 and close by June 30, 2010. However, don’t wait until the last minute and don’t count on another extension. It is almost a fact that the housing tax credit will not be extended again, so it’s now or never.
Plus, there is hardly a better way to begin a new year than by purchasing a new home. The federal tax credit is for up to $8,000 for first time buyers and the parameters have been increased so that individuals who make less than $125,000 and joint filers who make less than $225,000 are eligible.
Many first time buyers are renters who are currently paying nearly the same in rent as they could to own a home. The Federal 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 Highland Homes model centers to see how easy it is to buy a Florida new home now.