The race is on for first time buyers to take advantage of the $8000 tax credit! To meet the November 30 deadline, buyers need to have a contract by around Sept. 30 because inspections, mortgage approvals and other details can take about 45-60 days.
A couple of interesting things about the tax credit that I have learned along the way...
- If you haven't owned a primary residence in 3 or more years, you qualify!
- If you own rental property, but not a primary residence, you qualify!
For more information about buying your first home, please call me at 850-545-0814 or email me at ellie@ringtherivers.com.