This is not local but there are some great local homes for “first time buyers” (a first time buyer is someone who has not owned a home in three years.)
I am not sure who this chart is from but Real Living shared it with us via pdf.
- $8000 tax credit
- all principal residences (single family, condo, fee simple townhouse
- refundable
- Income limit $75,00 ($150,000 for couples)
- First time home buyer (not owned a principal residence in 3 years)
- Can use revenue bond financing as well
- No repayment (homes purchased after January 1, 2009)
- Recapture (if home is sold w/ in 3 years)
- Ends December 1, 2009
- Effective January 1, 2009
The First Time Buyer Tax Credit is being signed into law by the President today.
Chart is from NAR according to a comment I got on another blog.
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