You Qualify for The First Time Buyer Tax Credit if You Haven't Owned a Home in the Last 3 Years

I really thought that this was an important point to bring up. At least 2 of my recent clients have been involved in divorce. The sale of their properties has been over three years and they have been renting since then. When I told them that they qualified for an $8,000 tax credit because they hadn't owned real property in the last three years they were very surprised. No one had a heart attack or needed hospitalized, but they were none the less very happy.

Remember... You do not have to pay the $8,000 back. It is not a loan. It is a definitive and absolute rebate.

In my market which is Greensburg, Hempfield Township, Unity Township, North Huntingdon to Cranberry PA, Pittsburgh and surrounding areas. That money can go a long way. Or at the very least be a down payment on a new Lexus :-)