Biggest Giveaway in History for Home Buyers: Homebuyer Tax Credit

It's difficult for a Realtor to believe that not everyone has heard about the historic tax credit being offered to first-time homebuyers and some existing homeowners by the federal government, but sadly it's true. So here is one more word to the wise that NOW is the time to move up, move down or move in.

Interest rates remain at bargain basement levels while Uncle Sam has extended tax credit incentive to include both first time buyers AND some existing homeowners with one big caveat - DO IT NOW while the temperatures are down and the snow is falling.

First time homebuyers can claim a whopping 10% of the purchase price up to $8,000 and existing homeowners who have resided 5 consecutive years out of the last 8 in their home can collect up to $6,500. There are income restriction but they are high enought to keep the vast majority of us in the game. But you have to ACT NOW. Yes your home is worth less than a year ago - so is the new home you chooose. It's the interest rates and tax incentive that are the bellweather for making a move. Your new home must be under contract by April 30 and the closing signed, sealed and registered at the courthouse by July 1, 2010. Get the details by clicking here

Stop dreaming and get in on the biggest giveaway in the history of real estate. Contact your financial advisor, accountant and lender to evaluate how this impacts your personal situation then make a call to your trusted Realtor to make the deal of a lifetime.

Pass this on to your friends and make their day!