It's a great time to buy your first home! The US Government has passed a substantial tax credit for first time home buyers and we can help you find your perfect home to reap the benefits. The highlights of the credit are outlined below. Remember to contact us today for help with your home search or if you have any questions about the tax credit.

Features	For purchases January 1, 2009 until December 1, 2009
Amount of Credit	The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $8,000
Eligible Property	Any single family residence - detached, condo, co-op or town home - must be used as a principal residence
Refundable	Yes. Reduces or can eliminate income tax liability for 2009, plus any unused amount of tax credit refunded to purchaser
Income Limit	Singles – adjusted gross income no more than $75,000 Couples – adjusted gross income no more than $150,000
First time home buyer only	Available for first time home buyers or those who have not owned a home in the past 3 years
Revenue Bond financing	Available for purchasers who use revenue bond financing
Repayment	No repayment for purchases after January 1, 2009 and before December 1, 2009
Recapture	Only if home is sold within three years of purchase, entire amount of credit would be recaptured
Termination	December 1, 2009 (must close by December 1)
Effective Date	January 1, 2009

Questions? Just Ask!