Do You Qualify as a First Time Home Buyer?

First-Time Homebuyer Credit and
Repayment of the Credit IRS Form 5405
Do you qualify to amend your taxes to get back $6,500 as a long term home owner or $8,000 as a first time home buyer? If the date purchased is after April 30, 2010, and before October 1, 2010, did you enter into a binding contract before May 1,
2010, to purchase the home before July 1, 2010? If you are eligible you can amend your taxes with IRS Form 5405 to get your money. Form is available through www.IRS.gov

Buying a home in todays market!

With the high inventory of homes in today’s market you have a choice and you should be able to get at least 80% of what you’re looking for. That’s right 80%. A home, will never measure up to meet exactly what you want so when looking for a home be realistic and good things will happen. Make a list of what you must have in a home and another list of what you would like in a home, this is your wish list. The list should be different. Keep in mind when looking for a home all homes must have everything on your must have list, don’t compromise your must have list. Now since every home you look at has everything you must have the bonus is the homes that have additional things that are on your wish list. Stay focused and be reasonable your new home is out there. Inventory is high, interest rates are low and homes are priced to sell. Sometimes a home is priced right and trying to get it for less may create hard feelings with the seller, be reasonable when making an offer. Your new home awaits you it’s out there now!