First Time Home Buyers $8,000 Tax Credit Video

Good news for the Daytona Beach real estate market. This new tax credit adds the third key to an already attractive buyer’s market. With prices so low, and interest rates so low, and now a possible tax credit, now may be the best time to buy.

As part of the American Recovery and Reinvestment Act of 2009, a provision for a tax credit of up to $8,000 for new home buyers was included, but, it’s not just for new home buyers. If you have not owned your primary residence for the past three years, you are eligible. If you are married, and neither spouse has owned a primary residence in the past three years, you’re eligible.

There are income limits that you can learn about in the video.

Port Orange homes, Ormond Beach homes and condos are priced low and with many foreclosure and short sale properties available, you can get a great deal. I don’t know how long it will last, but we are seeing predictions of anywhere from 10-17 months before the market starts to come back. Call me now to discuss your options.

Technorati Tags American Recovery and Reinvestment Act of 2009, Daytona Beach Real Estate, First Time Home Buyer Tax Credit, Port Orange Homes

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