Attention First Time Buyers:

If you buy a home this year (before December), you will receive an $8,000 direct tax credit. This $8,000 will NOT have to be repaid if you stay in your home for atleast three years.

You can buy any home you like, a townhome, a condo, a foreclosure, a short sale, or a nice house with a yard. It can be listed by ANY Realtor, or can even be listed for sale by owner. This $8,000 rebate is yours to use as you like. It can save you even more if you use this $8,000 to actually pay off your house.

Some other details of this homebuying stimulus package include:

• Tax credit is up to 10% of the value of the home. So, homes purchased for less than $80,000 won't get the full $8,000.
• Full Credit is available for individuals who make less than $75,000 per year and couples with annual incomes less than $150,000. Partial credits are available for people who make more money.
• People are eligible as First Time Buyers if they haven't owned a home for atleast three years.
• The credit amount must be repayed at sale of home if home is sold before thre years.
• Applies to all homes purchased between January and November of 2009.

Take advantage of this $8,000 rebate and start shopping homes for sale at Real Estate Logan.com