Economic woes aside, you have to admit that now is the best time in modern history to buy a new home. When homebuilders are desperate to offload inventory or start new building projects, you're not only guaranteed to get an incredible deal, but you'll also be working with builders who use the most advanced construction techniques and the greenest materials to build the most resource- and energy-efficient homes in history.
Adding to the already prime buyer's market, the federal government announced a First Time Home Buyer Tax Credit of up to $8,000. And, unlike prior tax credit programs by the US Government, this credit does not have to be repaid. Here are the general guidelines for qualifying:
- Your home must be purchased between January 1, 2009 and December 31, 2009.
- The home must be your primary residence.
- You’re a single taxpayer with an income of $75,000 or less, or ...
- You’re a married taxpayer with a combined income of $150,000 or less.
The tax credit is for 10% of your home's purchase price, but it can only be a maximum of $8,000. Other aspects of the stimulus package promise to help unfreeze the credit markets, making it even easier to buy a new home. So what are you waiting for?
To find your dream home, check out the more than 8,000 communities on NewHomeSource.com.
You can find special offers by clicking on the Special Offers tab on the market and community results pages.
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Keith Goode is the Search Engine Marketing Manager for Builder Homesite Inc. and can be reached at kgoode@builderhomesite.com
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Posted by: Custom homes builders | September 03, 2009 at 02:51 AM