From the category archives:

First Time Home Buyer

Home Buyer Tax Credit

I was recently reminded about the tax law regarding buyers who took advantage of the various home buyer tax credits that were offered in 2008-2010. The original “first time home buyer credit” was really a loan because it had to be paid back over 15 years. The next credit again was for first time buyers [...]

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Plenty of Reasons to Buy a Home Even after the Tax Credit

Even though the home buyer tax credit expired on April 30, 2010 and won’t be renewed, there may never be a better time to buy a home than today, according to the National Association of Home Builders (NAHB). Many outstanding opportunities still exist for home buyers, but they may not be around forever. Besides mortgage [...]

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First Time Home Buyers Eligible for the $8000 Credit

If you were eligible for the $8000 home buyer credit but could not or did not find a house in the alleged time (April 30, 2010) don’t be discouraged. Your realtor should be able to negotiate the price or have the seller pay enough of your closing cost to make up for the $8000. Making [...]

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4 Things First-Time Home Buyers Need to Know about Home Inspections

A professional home inspection can not only provide a great education about the home’s systems, but also be a crucial tool in negotiating the most equitable price on the home, according to HouseMaster, one of the first and largest home inspection franchisors in North America. “Our experience and research shows that approximately 40% of resale [...]

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Homebuyer Tax Credit is Extended to our Servicemen

We appreciate our military! Even though the Home Buyer Tax Credit extension is expiring on April 30th for most buyers, there are special rules for some members of the Military and other government employees! Qualifications for the Tax Credit (H.R. 3548, Section 11) Allows a waiver of recapture requirements for such credit to members of [...]

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How Many Houses Does It Take To Get To The Right House?

Why are some people able to see a few homes and make a decision and others take months some 6 or more? What does the latter group hope to find that the first group recognized right away? I think some buyers come into the process better prepared and with the right mindset. They have done [...]

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8 Tips to Take Advantage of the Home Buyer Tax Credit before Time Runs Out

The home buyer tax credit currently can deliver meaningful savings, but only for those who, at a minimum, have a binding contract to purchase a home in place on April 30, 2010. With that deadline bearing down, potential buyers who want to capture the tax credit had better get serious about home shopping. Two versions [...]

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Home Buyer Tax Credit

Home Buyer Tax Credit Depending on what part of 2009 you purchased your home you might be eligible for a government issued tax credit. See chart below. FEATURE Jan 1 – November 30, 2009 Rules as exacted February 2009 November 7 – April 30, 2010 Rules as enacted November 2009 First-Time Buyer Amount of Credit [...]

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2 Million Americans Expected to Take Advantage of Extended, Expanded Homebuyer Credit

More American homebuyers will get tax relief thanks to changes made to the First-Time Homebuyer Credit. H&R Block advises the popular credit is now more accessible to existing homeowners and first-time homebuyers in three ways: 1. Through a tax credit worth up to $6,500 for existing homeowners in the market for a new home. 2. [...]

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The Tax Credit is Fueling the Dallas Area Pre-Owned Home Sales

To quote Gary Keller, “you will never know that you were at the bottom of the market until it is on the way up.” For those who have been waiting to purchase a home because they were sure the market had not bottomed out might want to reconsider. The real objective in any market is [...]

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