What a fantastic time to be a home buyer, especially for first-time home buyers and for current home owners buying a primary residential home.

  Why buy now? Some of the lowest interest rates in recent times, and more reasonable priced homes.

    The American Recovery and Reinvestment Act of 2009 authorized a tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence has been extended to include those who purchase a home from January 2009 until April 30th 2010.  Now referred to as Home Buyer Tax Credit & Expansion

     A First-time home buyer is a buyer who has not owned a principal residence during the three year period prior to the purchase.  Ownership of a vacation home or rental property not used as a primary residence does not disqualify a buyer as a first-time home buyer.

    Also added to the home buyer tax credit!!!!  A provision for a tax credit of $6500 for a current home owner whose is buying a primary residence.