The First-Time Buyer tax credit is a great way to take advantage of the more affordable price of homes in the present market. Uncle Sam will provide you with a tax credit of 10% of the purchase price of a home - up to $8,000. But the deal has to close by December 1, 2009.
There is still time to get in on the program; but it can take several weeks to finalize a deal, so you need to start getting your ducks in a row now. First, you need a pre-approval letter from a lender. This not only tells you whether you can actually afford to buy a home, it gives you an idea of how much home you can afford. And when you find the home you can move on it quickly. The lender will need pay stubs, bank statements and tax returns to generate the pre-approval.
I invite you to start your search on my website: Home Run Indiana. Click on Search For Homes. Then start the search. Beginning on line helps you narrow down you search early, saving time and gas when you are ready to look at those few special finds.
Once you have found your dream home it still takes several weeks to get through the lending process, title work, inspections and paperwork. That's why I strongly suggest that if you want to take advantage of the First-Time Buyers tax credit you need to get busy now!
Need more information? Please feel free to contact me. I'd love to help - and with my 25+ years of experience, I know I can! Call me at 219-934-6318, x 239. Or fill out a contact form at my website.
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