Homebuyers $8000 Tax Credit Ends Soon - Buy Now

The $8,000 homebuyer tax credit for first-time homebuyers is scheduled to end on December 1, 2009. Since it can easily take 90 days to close on a house, there is not much time if you are interested and eligible in the credit.

The $8,000 homebuyer tax credit for first-time homebuyers is scheduled to end on December 1, 2009. Since it can easily take 90 days to close on a house, there is not much time if you are interested and eligible in the credit.

If you are a first-time homebuyer and fall within the income guidelines- less than $75,000 for individuals and $150,000 for couples then you should buy now. Unlike the $7,500 homebuyers tax credit from last year, this one does not need to be repaid.

So if you buy a $100,000 home, you can get 8% of it financed by the government.

If you're thinking of buying, or have a house you're interested in, now may be the time to take the plunge.

Sam Cass
Sam Cass: Sam Cass, MBA, JD, University of Texas at Austin. Always a fan of Leonardo Da Vinci.

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