I hear it... If you are a first time home buyer it's not a whisper but a roar that you hear. The $7500 Federal Tax Credit for first time buyers is up in less than 6 months. For the purpose of the Federal Tax Credit 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. So, even if you owned a home over 3 years ago you are considered a first-time home buyer for tax purposes.
The $7500 Federal Tax Credit is a Dollar for Dollar refund or will decrease your tax bill and is paid back over 15 years. This is just one of the oppourtnities that awaits you. The most affordable prices in years and historically low interest rates makes NOW the time to buy a home.
For additional information about the $7500 Federal Tax Credit, please visit the IRS Website.
Debbie Summers, Lake Mary REALTOR, ALHS, ePRO
407-758-1020 or Debbie@MoveToLakeMary.com
Search for Homes For Sale in Lake Mary & Seminole County, Florida
Serving all of Central Florida: Orlando, Lake Mary, Longwood, Sanford, Altamonte Springs, Winter Springs, Casselberry & Oviedo


Tie that in with current prices and interest rates...opportunity! - interest rates sure makes it more appealing for home buyers & owners considering refinancing and should motivate them. In the article Time to Get Off the Fence and Into a Home, the same message comes in an atricle from NYTimes.com offered by Your Money. Another source with this message was from Smart Money, Time to refinance -- or buy a home? Good information to pass on to our buyers.
Best wishes for 2009!
Trey Affolter
http://www.treysellshouses.com
It is not often in our history where we have seen interest rates this low COMBINED with such a large drop in home values. 09 could shape up as one of the best periods of time to buy a home.
Hi Debbie
Great information regarding first time home buyer's, thanks for sharing.
Good luck and success
Lou Ludwig
Hi Debbie.
I WILL TAKE TWO!:)
Right on with the nice post. First time home buyers should be feeling real good right now.
Thanks for writing,
Ken