Orange County Real Estate Success

Orange County First Time Home Buyer?

Posted on December 4, 2009. Filed under: First Time Buyer help, Making Life Easier, Orange County Real Estate | Tags: buying a home, Orange County Real Estate, taxes |

It’s Better Than Ever To Be an Orange County First Time Home Buyer

As an Orange County first time home buyer, selecting your home is a major decision. Luckily, the U.S. Government is making it easier than ever for newbies. To stimulate the housing market, Uncle Sam has extended the first-time buyer tax credit until April, 2010. The program has already helped hundreds of first-timers see their dream come true. Why not be one of them?

Taking Advantage of the Program

If you’re a qualified first-time home buyer, you can receive up to an $8,000 tax credit for your purchase.  To qualify, you’ve gotta purchase your home between November 7, 2009 and April 30, 2010.  Also, you cannot have owned a residence any time prior to buying your new home. If you meet these criteria, you’re on your way. How much you qualify for depends upon two factors: your income and the price of the property you’re considering.  The point is, you’re in for a major financial windfall no matter where you lie on the scale.

The other great thing about the tax credit is that it offers you complete freedom. You can choose any property your heart desires, as long it is used as your primary residence. There are no other restrictions.

Since the first time buyer tax credit expires in 2010, the time is ripe to reap the rewards of this major incentive and live the dream of home ownership. There are dozens of resources to learn more about this exciting program if you’re an Orange County first time home buyer. Should you have specific questions, I’m always available to answer them.  You can contact me at 949.338.7408. Or you can follow me on Twitter @AngieWeeks or @WeeksTeam.

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