Grace

Now is a great time to buy! What is that? Among the many reasons is the First-Time Home Buyer Tax Credit. The American Recovery and Reinvestmen Act of 2009 authorizes a tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence anytime in 2009 before December 1st. The amount of the tax credit is equal to 10% of the home’s purchase up to a mazimum of $8,000. So what exactly is a “first-time home buyer?” A “first-time home buyer” is someone who has not owned a principal residence during the three-year period prior to the purchase. All homes that are used as a principal residence qualify for the credit, which includes single-family detached homes, attached homes like townhomes and condos, mobile homes, and houseboats.

To learn more about the First-Time Home Buyers Tax Credit, contact me at grace@wkre.com or 720.564.6032 so I can set you up with one of our knowledgeable agents.

Also, more information can be found at www.federalhousingtaxcredit.com