First Time Home Buyers
Buy Now and Receive a $8,000 tax credit

This may be the best time for first time home buyers to purchase a home in many years. Prices and interest rates are historically low and you are probably entitled to an $8,000 income tax credit if you purchase before December 1, 2009. That credit is part of the stimulus package passed earlier this year known as The American Recovery and Reinvestment Act of 2009. For purposes of this law, anyone who has not owned a principal residence in the last three years qualifies as a first time home buyer.

The tax credit does not have to be repaid. There are some income limitations but most individuals or families will be able to utilize this one-time opportunity.

Contact Real Estate III for additional information or to see if you will qualify.