First-time Homebuyers...Now is YOUR Time to Buy!

Wow! Things have been hoppin' around Houston! Although the Houston area has seen a decline in home sales for several months....it seems our office has noticed an increase in activity. With the FIRST-TIME HOMEBUYER TAX CREDIT getting more and more attention, renters and "new" buyers are eager to learn about what the incentive actually offers...and, how they will benefit from it.

Below is some really great information for anyone interested in learning more. GMAC Real Estate has put together an informative outline to answer many of the questions in consumers' minds....

1. What is the credit?
2. Who qualifies?
3. How do I get the FTHB tax credit?
4. Are there income limits?
5. Can I get the money in cash, or is it only available if I OWE taxes at the end of the year?
6. Do I have to pay the money back to the governenment?
7. What is the deadline for using the tax credit?

Let's take a look at what the First-Time Homebuyer Tax Credit means for Buyers....

First-time homebuyers have been given a great opportunity! Take advantage of the $8,000 incentive before it's too late!