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Handy Q&A Page for First Time Home Buyers

Asheville, NC

This morning I dropped by the National Association of Home Builders page looking for current home building statistics of interest to Asheville, NC real estate professionals and our home buyers. I noticed something that might be of particular interest to First Time Home Buyers, a thorough and concise Q&A Page for First Time Home Buyers.

I'm going to remember this for our Asheville First Time Home Buyers (especially in terms of the 2009 $8,000 Tax Credit) possibly this could be a valuable Page for you , too. . .. so here is the link: http://www.federalhousingtaxcredit.com/2009/faq.php

There are twenty-one (21) questions and answers there.
A few stand out as possibly atypical such as:

Is there any way for a home buyer to access the money allocable to the credit sooner than waiting to file their 2009 tax return?

For a home purchase in 2009, can I choose whether to treat the purchase as occurring in 2008 or 2009, depending on in which year my credit amount is the largest?

Can I claim the tax credit if I finance the purchase of my home under a mortgage revenue bond (MRB) program?

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Posted Friday May 29