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First time buyers

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Real Estate Broker/Owner with Henry Realty RB14034017

First time buyers and people not owning a home for the past three years are still able to receive a check from the government, if they sign the papers to purchase a home no later then April thirty-first and close before July first. I have had several people asking about the check in the past. Most thought it was a reduction in your tax rate. It is not. You actually receive a check after filling out IRS form 5405. This did make 2009 a great year as far as sales. It may help a little this year for some that were not able to make a purchase last year.

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Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

I had a client as about the tax credit and did not understand how it worked too.

Feb 28, 2010 12:37 AM