Do not forget about the First-time Home Buyer Tax Credit

Take advantage of it today!!!

Who:

••       First-time home buyers or anyone who has not owned a principal residence in 3 years previous to purchase

Amount: 

••       $8,000 Tax Credit

••       Can be claimed on buyer's 2008 federal tax return using Form 5405

Purpose:

••       To encourage first-time home buyers to purchase; to reduce larger-than-normal inventories of homes for sale

Provisions:

••       Must be a primary residence

••       Does not have to repay unless home is sold within three years of purchase

••       To earn full tax credit, income (adjusted gross) cannot exceed $75,000 single or $150,000 joint

••       Eligible Homes: 

••       All single family residences/condos/co-ops/townhomes

Effective Date:

••       Jan. 1, 2009 - Dec. 1, 2009

Use it today. Please send me an email if you have any questions about the program. And please do not forget to call me if you are interested in Lake Conroe real estate.

Have a great day!!

Ron

PS The sun is back!!!!