Thursday, March 12, 2009

Listen Up 1st Time Buyers...Free $$ and Details on the $8,000 Tax Credit

If you've been renting an apartment or leasing a home for awhile in Northville, Plymouth or the surrounding area, this might be the perfect year to buy your first home.

In addition to the low interest rates and great deals out there right now, the big advantage to buying before the end of 2009 is the $8,000 tax credit enacted by Congress this year to stimulate the housing market. Unlike the 2008 credit, the 2009 tax credit does not have to be paid back.

Here's a great video about the First-Time Home Buyer Tax Credit with answers to a lot of questions you might have:

Plus here's a matrix outlining the tax credit. And if you'd like to explore your housing options further, give me a call!