There are a lot of tax credits floating around out there these days. One is the tax credit for 1st time home buyers. What happens is this - if you buy a home for the first time, you get a tax credit equal to 10% of the amount you paid for the home.
So, next January when you go to file your taxes, if you bought a $60,000 house, you can subtract $6000 from your tax bill. If you buy a $100.000 house, you get to subtract $8,000 because $8000 is the most they will give you back.
If you had taxes deducted from your paycheck, you can get a refund of what you paid in UP TO $6000 or $8000 in our example above. What if you didn't have to pay that much? Great news, you get a CREDIT of the whole $6000/$8000. THIS IS A HUGE DEAL.
The tax credit will run out ON DEC 1st, so it's time to get started looking if you want to take advantage of the tax credit. If you have questions, call me. If you have good credit and some money in the bank, we can get you into a house before the tax creit runs out.
Here is a house that one of my clients bought a few years ago as HER first house. It was perfect for her. She even made some improvements like adding hardwood floors and redoing the kithen. Click here to see what the house looks like on the inside. Can you see yourself living there? AND can you see yourself getting an $8000 check from the IRS AND living here?
It has a small backyard, and very little exterior maintennce, so you won't have to spend your weekends mowing at your 1st House. Sounds really good, doesn't it.