The federal government recently passed the Housing and Economic Recovery Act of 2008. The purpose of this act is to jump start the real estate market. Among the many provisions is a first time home buyer tax credit.
First time home buyers may be eligible to receive up to a $7,500 tax credit. First time home buyers is defined as not owning a home in the past three years. Single family residence which includes condos that will be used as a principal residence. The tax credit is effective from April 9, 2008 through July 1, 2009.
Now is a great time to purchase your first home. Contact me for assistance. 330-671-4390
Questions or comments write or email:
eugenedougherty@howardhanna.com
http://www.eugendougherty.howardhanna.com/
YOUR Personal Guide to Real Estate
Saturday, September 06, 2008
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