Part of the massive stimulus signed into law by President Obama in February was directed at improving the state of the real estate market.
Here are the basics:
- Purchase by December 1, 2009.
- Eligible to any single person or couple who have not owned a home as their principal residence in the last 3 years.
- Receive a refundable tax credit of 10% of the purchase price, up to $8,000. (Refundable means that if you are due the full $8,000 but only owe $2,000 in taxes you will receive the rest of the $6,000 in a refund check from the I.R.S.)
More information is available online, or by contacting me, Josh Nugent.
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