Stan Suther's Real Estate and Stuff

I keep running into people who don’t know about the government incentive to encourage first time homebuyers to go ahead and make that purchase.  For gosh sakes, you can get up to $8,000 free and clear for buying a house.  This is not a tax deduction like mortgage interest.  This is cash that the government will send to a qualifying first time homebuyer.  I’ve closed one transaction for a client who’ll amend his 2008 tax return and go ahead and get the cash.  I’ve got another ready to close in May.  Why let them have all the fun?

If you plan to buy your first home (or first after 3 years of renting) or know someone who’s thinking of doing it, now is the time.  You’ve got to purchase your home by November 30, 2009 to get the tax credit as things stand now.

Here is a pdf summary of the details.

Here is a much longer explanation.

Here is a look at the IRS form that you’d use to claim the tax credit.

Now, you have no excuse.  Call me, and we’ll find the right house for you!