Home Buyer Tax Credit: 10 Things to Know

November 12, 2009

First Time Buyers

Home Buyer Tax Credit extension finally passed on November 6th, and I thought that the investors would finally get a break by receiving a $6500 tax credit when purchasing an owner-occupied property.  Home Buyer Tax CreditUnfortunately, that’s not the case.   I’ve rarely lived in one of the properties I own and, so mostly I rent because I move around so much due to my job, but I finally thought I’d be able to purchase a home to live in, and get the $6500 home buyer tax credit.   Well, once again, the rules for the Home Buyer Tax Credit are so stringent, that probably only 1% of the population qualifies.

See the “10 Things to Know” article link for the Home Buyer Tax Credit details:

http://realestate.yahoo.com/promo/home-buyer-tax-credit-10-things-to-know.html

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