For anyone living in Central Texas considering the prospect of buying a first home, now is definitely the time. Qualified first-time home buyers are now eligible for up to an $8,000 credit that doesn't have to be repaid if the home isn't sold for three years. A "first-time home buyer" is defined as a buyer who has not owned a principal residence during the three-year period prior to the purchase. The full $8,000 is available to qualified individuals with an adjusted gross income (MAGI) less than $75,000. For married couples filing a joint return, the adjusted gross income must be less than $150,000. If your income is higher, there are partial tax credits available. In order to receive the tax credit, you must purchase and close on the home before December 1, 2009.
With mortgage interest rates and housing prices at record lows - coupled with the $8,000 tax rebate - this is a golden opportunity for first time buyers to enjoy the benefits of home ownership.
Buffington Texas Classic Homes offers new homes in Austin and surrounding cities that qualify for this credit. With Austin new homes starting in $140s, having the American Dream of owning a new home is still possible!
If you're in the Austin or Central Texas area and are tired of renting, visit Buffington Texas Classic Homes, a leading builder of new homes in Austin, to learn if you can take advantage of the $8,000 Tax Credit. Or, click through your options and learn more about Buffington Texas Classic Homes at www.MyTexasClassic.com, and schedule a private tour at any one of their six Central Texas communities:
Stonewall Ranch - new homes in Liberty Hill, Texas from the $140s.
Village of Hidden Lakes - new homes in Pflugerville, Texas from the $150s.
La Conterra - new homes in Georgetown, Texas from the $150s.
Cold Springs - new homes in Leander, Texas from the $230s.
Legend Village - new homes in Round Rock, Texas from the $150s.
Silver Leaf - new homes in Round Rock, Texas from the $210s
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