Chris McBride

    $8000.00 Government Tax Credit

    First time buyers (not owned home in previous 3 years) can get a
    refundable tax credit for 10% of the purchase price of their new home – up to $8,000.

    The credit is obtained by filing a tax return. It is refundable meaning that buyers get a check back for that amount from the federal government only limited by any outstanding tax liability. The buyer can choose to apply it to either their 2008 or 2009 tax return.

    This credit does not need to be repaid as long as the buyer keeps the house for three years. If sold in under three years, the credit is repaid with the amount repaid capped at the amount of gain on the home when sold.

    The full credit is available for single individuals earning less than $75,000 or married couples earning less than $150,000 and is phased out for income levels above these.

    The new credit is available for all first-time buyers using ANY form of financing: Cash, VA, FHA, IHFA, Rural Development, Conventional or Seller Financing.

    The credit cannot be used if the home is gifted or inherited by the buyer
    nor can they purchase from an immediate family member or entity in
    which they have significant interest.

    The credit is available for home purchases between January 1, 2009
    through November 30, 2009.

    Waiting to buy is a mistake. Don't make it.

    Never EVER has there been a better time to own for three basic reasons.

    1. The Governments $8000.00 tax credit.
    2. The lowest interest rates in years, 5% to 6%.
    3. Motivated Sellers eager to unload their home.

    Is it cliche to say, "There has never been a better time to buy," even if there has never been a better time to buy?

    Check out the VIP Buyer's Program, we'll answer any questions and walk you through exactly how to obtain the tax credit.

    For the most complete site on the internet regarding the tax credit, please visit: