Free money for first time home buyer $8,000
April 17, 2009
The 2008 first time home buyer witch required the buyers to repay the Credit of a maximum $7,500.00 in a period of 15 years was just not enough stimulus to convince the first time home buyers to come out from the side lines in to the real estate market so the government now is offering a new package for 2009 .
The tax credit is now 10% of purchase price in a maximum of $8,000.00 and there is no repayment required, it is free to the taker, it is money on the buyer’s hand, I just hope the buyers will be wise in how to spend it.
More information on the homebuyer credit and eligibility are posted at www.irs.gov you also may contact one of the Fidelity/NJ realtors knowledgeable representative for more information.
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