The time for first time homebuyers to purchase a home, and still get their 8,000 tax credit is approching. As of now, if you are a first time homebuyer you can get a tax credit for either 10% of the sales price up to 8,000. A home buyer will have up to November 30th to close on the house in order to collect their tax credit. However, the credit isn't given at closing, it's given to you when you file your annual taxes. With underwriting times running longer than they were a few weeks ago, now would be the time to start putting in purchase offers in order to close before the end of November. This is a great opportunity that everyone who is elligable for should try to take advantage of.
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