$8000 Tax Credit For Home Buyers - Wichita Falls, TX

As you all know, there is a huge spotlight right now on the Real Estate sector. The Senate's $15,000 homebuyer tax credit has been stripped from the final version. In it's place is an $8,000 tax credit for first-time homebuyers. Note that this credit does not need to be paid back, unlike the original $7,500 first-time homebuyer tax credit. To qualify, the purchase has to be made between January 1 and August 31, 2009 and you have to stay in your home for three years. No word yet as to whether or not this will be a refundable credit.
 
I will keep you updated as this movement continues. If you know anyone looking to purchase their first home or if you have not owned a principal residence in the last 3 years, this tax credit, along with historically low interest rates makes this a rare, if not perfect, time to purchase a home.
 
Please contact me if you have any questions or see www.TexomaListings.com for Buyers and www.TexomaHomeValue.com for Sellers.