Feb 27 2009
Three very important reasons to buy now are:
- Interest rates are near all time lows;
- Home prices have declined to levels not seen in years;
- Qualified buyers are now elegible for an $8,000 tax credit
Tax credits are much more valuable to you than tax deductions. Tax credits reduce the amount of tax you owe, dollar for dollar. Ex. If you owe $10,000 in IRS taxes for 2009 and you buy a home in 2009, you will only owe $2000 in tax instead of $10,000. To clarify the 6 most important things you need to know about the new $8000 tax credit go to this website: http://www.federalhousingtaxcredit.com/2009/glance.php