The First time home buyer credit the government is offering for tax payers is a big incentive to buy homes now especially with interest rates being as low as they are and deals on homes available.
There are many details to the new plan and some of them keep people from taking the credit, the income limits specifically, but there is a little known rule which allows NOT FIRST TIME HOME BUYERS to take the credit. If you have not lived in a home you own for the past 3 years you may take this credit.
For more details on the first time home buyer tax credit view this PDF from NAR (National Association of Realtors). http://www.realtor.org/wps/wcm/connect/f6ee3f004d2465a491f6f526a9949436/government_affairs_homeb_tax_credit_new.pdf?MOD=AJPERES&CACHEID=f6ee3f004d2465a491f6f526a9949436
For more information or any real estate related questions feel free to call us at 864-679-0707 Greenville SC Real Estate
Comments(0)