The First-Time Home Buyers Credit has been extended and revised to include repeat home buyers. Check out all the facts here.
There are many more reasons not to wait to buy your next home. Time has been known to fly by. Contact your lender first for the interest rate and then your Realtor and get busy searching through the large inventory of homes currently available.
A $6500 Tax Credit is now be offered to "repeat home buyers". The official definition is "as a home owner who has owned and resided in a home for at least five consecutive years of the eight years prior to the purchase date. For married taxpayers, the law tests the homeownership history of both the home buyer and his/her spouse. Repeat home buyers do not have to purchase a home that is more expensive than their previous home to qualify for the tax credit."
Just do it!
Just do it!
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