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What Do I Need To Do To Qualify for the $8,000 First-Time Homebuyer Tax-Credit?

By
Real Estate Agent with Keller Williams Realty

So i’m sure everyone knows by now there’s an $8,000 check waiting to be claimed if you haven’t owned a home in the past 3 years…but how the heck do you go about getting it? Well, let me walk you through the process:

Step 1: You haven’t owned a house in the past 3 years? Move on to step 2.

Step 2: If you’re single, do you make $125,000 or less? If you’re married, do you make $225,000 or less? If yes, move on to step 3. (*Note: for those of you just on the cusp of these income restrictions, there are tax-credits that phase-out up to $20,000 above these limits, so you may not qualify for the whole $8k, but you may be able to get at least something from Uncle Sam.)

Step 3: Decide you want to buy a home!! Congratulations – this is a big decision, but a VERY exciting one! Move on to step 4.

Step 4: Find a Realtor(R)..oh look, you’re here, why not just knock this step out now by emailing me? Finding a good real estate agent will help all of the following steps become much easier…if you’re not in the D.C. area (D.C., Arlington, Alexandria, Fairfax) feel free to email me for some recommendations of great agents in your area. Once you’ve found someone you’re comfortable working with, move on to step 5.

To read on, please click here.