What’s up with this First Time Homebuyer Tax Credit?

September 14th, 2008 categories: Charlotte Real Estate & More, Home Financing

There may be is a sliver lining to everything even the current “housing crisis” (more to say about that here). It happens to be a very good to time to buy a home in Charlotte especially if you are a first time homebuyer. While prices and transactions may be down the Charlotte home real estate market continues to be reassuringly stable.

So what about this First Time Homebuyer Tax Credit? Is it for me? How does it work?

Here’s what the National Association of Homebuilders says about the homebuyer tax credit program…

“Opportunity of a Lifetime for First-Time Buyers

For aspiring home owners who find their goal stubbornly elusive, newly enacted legislation providing a tax credit of as much as $7,500 for first-time home buyers might just be the opportunity of a lifetime. But like so many of the good things in life, time is of the essence for buyers who want to take advantage of this outstanding opportunity. Only homes purchased on or after April 9, 2008 and before July 1, 2009 are eligible.”

Check out some great information on the  National Association of Homebuilders website or if you prefer a question & answer format check out Charlotte’s own residential real estate guru Bill Gallagher’s excellent and informative blog post about the first time homebuyer tax credit. (Bill owns Superior School of Real Estate here in Charlotte) Thanks Bill for this concise explanation! We know the ropes too so please don’t hesitate to call us — we’ll be more than happy and ready to help you find you first Charlotte home or your tenth!

This entry was posted on Sunday, September 14th, 2008 at 8:15 am and is filed under Charlotte Real Estate & More, Home Financing. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a Reply