While owning a home has multiple benefits, there is another bonus for First Time Homebuyers for the next few months: An $8,000 First Time Homebuyer IRS Tax Credit! This “Gift”, given to First Time Homebuyers from the government, does not have to be paid back. This incentive, combined with historically low interest rates, tax advantages for owning a home and the affordability of first-time homes in our area, means buying a home can be more affordable than renting! “First Time Homebuyers” include anyone who has not owned a home in the last 3 years, so even if you know someone who owned a home a while ago, they might qualify for this new tax credit designed to promote home ownership.
BUT HERE’S THE DEAL: to qualify for the first-time buyer credit, the sale needs to close by the last day of November, 2009. Considering an FHA loan can take up to six weeks to process, plus the time it takes to find the right home... now is the time to be home-shopping. Call or email us and let's get started!
Here’s a short video about the tax credit. Warning: it’s pretty cheesy!
If you or someone you know is looking to buy a home in the Spokane area, give us a call at 509-270-0782 or visit our website at www.TheRealEstateAces.com. Your referrals are appreciated!
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