It is very easy to qualify for the tax credit.  Anyone who has NOT owned a home in the last 3 years can qualify for the tax credit.  When you want to buy a home, you must qualify for a loan (unless of course you are paying cash) but if you can qualify to buy a home, the tax credit is YOURS.  Do nothing NOW; in January when you file your 2009 tax return, you get the form for the credit and attach it to your return. 

The tax credit is equal to 10% of the price you pay for the house, up to $8000.  They call it the $8,000 tax credit because most of the homes in our city are over 80,000. If you pay only $60,000, your credit will be $6,000. This first townhome is on sale for $79,900.  Click here for more info on this home.  Your tax credit for this one would only be $7,990.

Here is another great home for sale.  This one is a house with a nice fenced backyard that is on the market for $109,900.  Click here for more info on this great property.  Since there is a cap of $8,000 on the credit, then 8K is all you would get.

Remember, this is actually a tax CREDIT.  So if you owe 8,000 in taxes, you will pay -0-.  If you only owe $4000, then you will get $4000 back.  It's that simple.

Both of these are good choices and there are many, many more. This is a great time to buy a home. What could you do with an extra 8K next year???