2010 Homebuyer Tax Credits

Everyone's Dream – owning your own home. It took our family several years to find the right house, an interest rate that we could afford and time to build our credit history. Had I known that the “right” time to buy would have been now, we would have waited. But fortunately for those that are first time home buyers or haven’t owned a home in the last three years, there is a very good reason to buy in 2010.


Do you qualify for the First Time Homebuyer Tax Credit?
First-time homebuyers, or those who have not owned in the last three years, can receive up to an $8,000 tax credit and Homeowners who have lived in a current home consecutively for 5 of the past 8 years can receive up to a $6,500 tax credit.

Why should you take advantage of the Tax Credit?
Coldwell Banker has a great list of specifics regarding the First Time Homebuyer Tax credit and the Real Estate Bailout and a very informative video which you can watch below as well. When you purchase a new home you are not only providing a place of comfort for your family but helping put money back into your local economy as well.

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