Now with the market working its way to a more active status, the new $8,000 tax credit is helping to pull homebuyers into the market again. The great thing about this program is that it is available to anyone who has not owned a house in the last three(3) years.
Simply put, homebuyers that pay federal income taxes can reduce that amount by 10% of the purchase price of a home up to a maximumn of $8,000. And now provisions have been made in the law to allow that amount be used in downpayment costs as well.
Homes must be closed by Dec. 1st of 2009! Call me for details so you don't miss this opportunity.