Homebuyer Tax Credit

By
Real Estate Agent with Fred Real Estate Group

If you are wanting to buy a home and waiting your wait may cost you up to $8000, plus interest and possibly a higher price.  The calendar shows spring is around the corner but the weather says it is here in Central Oregon and with that the end of the homebuyer tax credit deadline is fast approaching. 

The homebuyer tax credit can give a married couple first time home buyers up to $8000 in tax credits. A first time home buyer is not necessarily an accurate phrase as the true meaning of a first time home buyer is someone that has not owned a home for 2 years.  

There is a second tax credit that many move up or downsizing buyers can also qualify for this credit can be as high as $6,500 - to many that can make a significant difference in the bottom line of your taxes.

For more information please visit Central Oregon Home Buyers Tax Credit.

Comments (1)

Lynda Eisenmann
Preferred Home Brokers - Brea, CA
Broker-Owner,CRS,CDPE,GRI,SRES, Brea,CA, Orange Co

Hi Thesa,

No doubt the cut-off will be here  sooner that we think, it just seems to happen that way...at least the last time. Looks like this the last and final opportunity for the credit.

Feb 20, 2010 03:16 PM