The New Bail Out Program! $8000 Tax Credit

First Time Home Buyers  Do you know all of the details about the new tax credit you are entitled to as a First Time Home Buyer? Let's start with a Q& A on the subject! I'll post a question & the answer every week on this blog. Keep the questions coming! Call me for a comprehensive report on the topic or to talk about your options & how you can take advantage of the new program!

WHO CAN GET THE TAX CREDIT?

If you are a first time home buyer purchasing a new home or a resale home you are eligible for the tax credit!  You must buy your home on or after january 1, 2009 and before December 1, 2009 to qualify for the creit. As it applies to the tax credit, the purchase date is considered to be the date of settlement ( closing) on the property and the title to the property transfers to the new owner.

If you have any questions, call me at 704-363-6946 or email me at homes@TheNaylorTeam.com.