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Understanding the Details of the $8000 First-Time Buyer Tax Credit

I have four current clients who are going to be receiving the entire $8,000 tax credit offered to first-time homebuyers.  Surprisingly, I meet people every week who haven't even HEARD of this gift.  Yes, I consider it a gift, because it doesn't have to be paid back at all! 

I decided to look for a comprehensive video to explain the ins and outs of this program, which is valid through the end of November 2009.  I found this one from the National Association of Home Builders which seems to cover all of the bases:

 

Coupled with exceptionally low interest rates and plenty of inventory to choose from, this tax credit is just one more reason to buy in the upcoming months.  Why not take advantage of this free money?

 

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14 comments • Jason Crouch, Broker - Austin Texas Real Estate (512-796-7653) • March 14 2009 09:56PM

Comments

I have four current clients who are going to be receiving the entire $8,000 tax credit offered to first-time homebuyers.

Hi Jason,

Several of my clients around the country are reporting similar results.  This is a good thing!

P.S.  Keep working on getting the word out.  I'm a little surprised to hear that some buyers are not yet aware of this program.

Posted by Bruce Brockmeier - Coached By Crouch (Internet Marketing Consultant to REALTORS®) about 3 years ago
Bookmarked to come back and check it out...watching quarantined and trying not to watch by commenting!
Posted by Krista Fuchs Chester County Realtor(484) 459-8025 Home Buying and Selling (Prudential Fox & Roach) about 3 years ago
Hey Jason, What with the $8,000 buyer credit, great low rates and a plethora of houses to choose from this is a great and historic time to be a buyer! Lets get out the word!
Posted by Marian Gregor ~ Ann Arbor area Real Estate ~ (Keller Williams) about 3 years ago

Thanks Jason, for repeating this important message to buyers in the market.  With low interest and a good selection of homes, first time buyers need to take advantage of this $8,000 tax credit.  Lets keep spreading the word on this tax credit.

Posted by Dona Reynolds, ST JOSEPH MO (Prudential Summers Realtors) about 3 years ago

Ok, just watched the video and you found a great one!

Posted by Krista Fuchs Chester County Realtor(484) 459-8025 Home Buying and Selling (Prudential Fox & Roach) about 3 years ago

Personally, I think I put together a great post with details about the First Time Home Buyer credit... but if you insisted on a video, I guess this is a good one.  :-)

Posted by John Cannata - Supreme Lending Frisco Texas Home Loan Originator (214-728-0449 http://TexasLoanGuy.com) about 3 years ago

Thanks Jason - great video.  I'm still looking for an answer though.  If two 1st time homebuyers purchase a home that are not married how is the tax credit divided up? 

Posted by Lee & Pamela St. Peter Raleigh Realtors® Raleigh North Carolina Homes for sale (Prudential YSU Realty - (919) 645-2522 ) about 3 years ago

Jason,

You found the best video I've seen so far. Great reminder..I meant to tell you I like your new picture!

Posted by Dorie Dillard Realtor® Canyon Creek NW Austin TX homes for sale (Coldwell Banker United Realtors) about 3 years ago

HI Jason - That is a great video providing details on the $8,000 tax credit for first time home buyers. I'll re-blog this post!

Posted by Karen Pierce Cooper| Housing Counselor |Oregon about 3 years ago
So that's the case? Quite a revealotin that is.
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