Buying First Home or Looking to Move?

With tax season in full swing, I just wanted to remind everyone that are either Buying First Home or those who have not owned a home in the last three years, that you can receive $8,000 via a 2010 Homebuyer Tax Credit! Yes it is not just for first-time homebuyers but now people that are looking to upsize, downsize, or just relocate. I think personally that is awesome, because so many people don’t qualify for the credit since they are not first time buyers, but now they can get rewarded anyways. My husband and I missed out on this opportunity when we bought our first house and didn’t qualify for this either since we owned a house in-between, but it is such a great offer that I would hate for anyone to miss out on it!

Homebuyer Program details:

• For first-time homebuyers, or those who have not owned a home in the last three years, can receive up to an $8000 tax credit.

• Homebuyers who have lived in their current home consecutively for 5 of the past 8 years can receive up to a $6500 tax credit when purchasing a home.

• Qualified homebuyers must have a written, binding contract by April 30, 2010 and close on the home by June 30, 2010.

• Income limits are now $1250,000 for singles, $225,000 for married couples with a $20,000 phase-out of the credit for both.

Mama’s Money Savers Disclaimer: I was given compensated for this post. This review is 100% my opinion and has not been edited or reviewed by anyone. I was not compensated in any other way for this product review.