As any first-time home buyer probably knows, one of the best deals in today's market is the $8,000 tax credit that the government is offering to people purchasing their first home. According to figures from the IRS, it has been very successful as more than 1.4 million people have used the tax credit thus far.
The home buyer has to meet certain guidelines in order to qualify for the tax credit (click here for specifics), but most importantly the real estate transaction has to close by November 30, 2009. That date is quickly approaching, and prospective first time home buyers should not let this opportunity pass, especially since there have not been any strong signs that the federal government will be extending the deadline.
Choosing a good real estate attorney, as well as getting pre-approved for a mortgage, will help ensure that you will be able to close on your dream home in time.
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2 comments:
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