From this day forward, you have only limited time to find a house, negotiate with the seller and get it under contract. If you get that done successfully by April 30, 2010 you will likely qualify to pick up a check from Uncle Sam for as much as $8000.00. Not to say what you will save on the deals that are still to be made in this "buyers market".
The First Time Home Buyer Tax Credit thus far has been very successful. Sales of existing homes have increased steadily since last April. We are no longer, in many areas, not considered "declining". According to the National Association of Realtors that first time home buyers accounted for about 30% of all sales last year.
What a lot of folks don't realize and overlook is that the benefit of a tax credit is that the payment is not considered income, so it is totally tax-free. If you qualify, you get the full benefit of each and every dollar! Free money! Why wouldn't you take advantage of it? Find out more about the Extended and Expanded Tax Credit for 2010 on my website www.jamieboone.com
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