Take Advantage of the $7,500 Tax Credit For First Time Buyers!

Shameer Fazal, Associate Broker, GRI — Sun, 21 Dec 2008 20:38:00 GMT

As you many of you may have heard earlier this year, the Federal Government included a tax credit up to $7,500 for first time buyers in the Economic and Recovery Act of 2008.

During this busy holiday season, I wanted everyone to remember to take advantage of this. Some of you may be qualified if you purchased a home in 2008. Others can plan to take advantage of this in 2009 when buying your home. With interest rates at an all time low and a surplus of available homes in Queens and Brooklyn, the new year just might be the best time to buy your first home. In Queens and Brooklyn there are many good homes available and homeowners who are serious about selling. Many homes are now priced at market value and owners are willing to listen to reasonable offers!.

Please keep in mind this credit does expire in 2009!

Here is a summary of the tax credit:

The tax credit is available for first-time home buyers only. ..(read more)

Queens and Brooklyn real estate information by Shameer Fazal, Associate Broker, GRI

Take Advantage of the $7,500 Tax Credit For First Time Buyers!