The American Recovery and Reinvestment Act has been modified making it even more attractive for first time homebuyers to make that important decision to invest in a new home. What could be better than a $7,500 credit? How about $8,000? And what is more, unlike its predecessor this is a free tax credit; there are no repayment requirements.
President Obama signed the bill into law that makes the tax credit possible on February 17, 2009. To qualify for this tax credit, the home must be purchased on or after January 1, 2009 and before December 1, 2009. There are additional requirements to using this tax credit. Be sure to consult a tax professional for your specific credit amounts.
A Realtor is especially knowledgeable in helping you find the right home to fit your budget as a first time homebuyer. Please let me be the Realtor to show you the options that await you in Mercer County New Jersey and the surrounding communities in Burlington, Monmouth, Middlesex, Hunterdon, and Ocean. Call me today at 609-587-9300 ext 403 or 609-658-2612.
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