With only 78 days until April 30th when all contracts for First time buyers must be accepted so that they can qualify for the $8,000 Tax Credit that is being offered, First Time Buyers need to hurry and start finding the house of their dreams! You will need to close on your new home by June 30, 2010 in order to obtain your Tax Credit.
If you are a First Time Buyer and you haven't been pre-approved yet, then that is the first step you need to do to be on your way to qualifying for the $8,000 Tax Credit that is being offered. Know how much you can afford so that you are only looking at houses that you qualify to purchase and will be in a ready position when you find the one you want.
Once you have your preapproval then the next step is to find a REALTOR® who you want to work with. One that you have confidence in and who you can trust to listen to your wants and needs and help you to prioritize them and find you a house that you can afford that meets as many of them as possible. Preferably one who has had experience in negotiating and who you can rely on for advice during the most important purchase of your life.
If you are a current owner who has lived in your home for 5 out of the last 8 years and are thinking about purchasing a new home, you too only have 78 more days to go under contract to qualify for your Tax Credit. For up to $6,500 for Repeat Buyers Tax Credit will be available to buyers who are under agreement by April 30, 2010 and close on their new house by June 30, 2010. In order to qualify there are some income restrictions, however selling your current home isn't necessary.
For more detailed information click on the link Tax Credit where you can get many of your basic questions answered. For individual assistance feel free to contact me, I will be glad to help.
BH&G The Masiello Group