Time is running out to take advantage of the $8,000 Home Buyer tax credit.
Lake Conroe residents are running out of time to take advantage of the $8,000 first time home buyer tax credit. The program which has added 900,000 additional home buyers nation wide is coming to a close at the end of April. The program also offers a $6,5000 tax credit to repeat buyers who have owned a home in the last 5 years. The home buyer tax credits only applies to the purchase of a primary residence so the purchase of a vacation home will not earn the tax credit.
This program was really designed to encourage people to purchase homes in places hit hard by the Real Estate crash like California, Florida and Michigan. Here in Texas especially in the Lake Conroe area home values have remained steady so the $8,000 home buyer tax credit can be treated like the cherry on top. By buying a home right now your building equity, you’re guaranteed a steady increase in property value and a to top it all off a gift of $8,000.
The home buyer tax credit might expire at the end of this month but for now buyers are busy trying to find the right home for them. You can find the guidelines and additional information on the home buyer tax credits here. Home Buyer tax credit guidelines
In: Conoe, lake conroe, real estate · Tagged with: home buyer, lake conroe, real estate, tax credit
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