Homebuyer's Tax Credit

Just in case any of you out there didn’t know it…..there are PLENTY of homes available at VERY affordable prices……AND……interest rates remain historically low. So-o-o-??? Is this not the time to buy?? AND….to sweeten the pot, there’s the tax credit, up to $8000 for qualified first-time buyers whose income is within IRS-established limits…..AND….up to $6500 for some already existing homeowners. AND….this is money that never has to be repaid, provided one lives in that home for three years. One is considered a “first time home buyer” if neither the husband nor the wife has owned a principal residence in the U.S. within the last three years. Existing homeowners are eligible for up to that $6500 if they have lived in their residence for five of the last eight years. Isn’t this something REALLY worth looking into? There may NEVER be a better time to buy a home. I’m certainly not qualified to give you tax advice…..your tax attorney or accountant is the person to see. BUT: when a buyers’ market is as strong as it presently is, and these opportunities are at hand…….You get the picture…l!
Paula Solomon