Thursday, April 01, 2010

Buying First Home – Tax Incentives

As I drive around my neighborhood, I see many cute houses with For Sale signs in the front yard. We just got two new neighbors on our street since December. If you are thinking about buying first home consider doing so now. The 2010 Homebuyer Tax Credits have been extended and are for first time house buyers and current home owners, too.

If you’ve never owned a house before or if you have not owned one in the last three years, you can receive up to an $8,000 tax credit. If you have lived in your current home consecutively for 5 of the past 8 years you can receive up to a $6,500 tax credit. I bet the three little pigs would take advantage of these deals if pigs could purchase houses.

Find out what the extended and expanded home buyer tax credit means for potential home buyer's from Coldwell Banker President & CEO, Jim Gillespie by watching this short, three minute video that explains about the program. 

He also talks about how this program benefits the economy by getting the real estate market going again thus producing more jobs. This puts more money back into the local economies.


  1. I hope this is still in effect when we finally decide to buy, but I doubt it will be.

  2. well it did not blow up...but discus is still here. some nice incentives out there...someone wants to use it to buy mine i'd sure be happy. smiles.

  3. I hope something rebounds soon...I still hear a lot of heartache out there.

  4. Yes, there are many still many people suffering.

  5. Thanks for this. I can use this information as life changes oh so rapidly.