There's never been a better time to buy the first home!

Have first-time homebuyers been waiting for the perfect time to buy? Well, that time has come! If they close on a home – new or resale, single family, townhouse or condo – before December 1, 2009 they may be eligible for a credit of up to $8,000 off their tax bill. The Tax Credit Summary: Available to first-time homebuyers only. The maximum credit amount is $8,000. Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit. The tax credit is not repay if the buyer lives in it at least  36 months beginning on the purchase date. If the home was purchased in 2008, the tax credit is taken on the 2008 tax return. If the home is purchased in 2009, the buyer has the option of taking the credit on the 2008 or the 2009 tax returns.

Let's get together and talk about your home buying and/or selling plans. Call me at the office (703)230-0550 or send me an e-mail to miguel@spectrumrealtors.com  we'll set-up a time that is easy and convenient for you to meet.

P.S. If you're not ready to meet in person, please tour through my website. I'm sure you'll find the resources here useful and helpful. Enjoy!