Get Moving!! With interest reates down to the lowest rates in yrs and home prices down. Then you throw an $8,000 tax credit. What are you waiting for.
Home purchase must close by December 1 - NOT December 31!
It’s not too soon to start moving on this! Your home needs to be under contact by October at the latest.
You should start shopping NOW ! September at the very latest but. By September the available inventory of homes for sale will be picked over - the best homes will be long gone.
The law defines “first-time home buyer” as a buyer who has not owned a principal residence during the three-year period prior to the purchase.\
There are so many misconceptions about the first time home buyer tax credit, thanks for clearing some of them. Even I don't know that a "first time home buyer" equates to not have owned a principal residence for 3 years before the purchase!
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