Wednesday, September 2, 2009

$8,000 Tax Credit Clock Is Ticking!!

Run do not walk to your closest real estate agent! The deadline for buying a house and getting the $8,000 tax credit is coming! It will be here before you know it!

When is the deadline?

The Deadline is November 30, 2009. You must close on your house by November 30th to get the tax credit. That would mean you would have to have a house under contract by October 31st., as it takes 30 days to close a loan.

Do I qualify?
You cannot have owned a house within the last 3 years.

What are the stipulations?
You need to live in the house for 3 years otherwise you will have to pay the $8,000 back.

There are other grant programs available that you can take advantage of in purchasing a home with little to no money down. Yes, $0 down payment loans and programs do exist. It's not as hard to buy a home as you may think.

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