How to Meet Deadlines for Getting Home Buyer Tax Credit

There is a new federal scheme that gives tax credit to those who buy a house this year. Home buyers, who have not owned a house for the last three years, will get relief of 10% of the sale price of the house or $8,000, whichever is lower.

Those who have not owned or resided in any principal residence for at least five consecutive years during eight years before the purchase of the new house, will get a benefit of up to $6,500 under the tax credit scheme. [Read more…]

Tips on Closing a Good Deal in the Current Housing Market

Many analysts agree that this is the right time to buy a house as property prices have fallen significantly and interest rates are close to their all time lows. The enormous ups and downs of the last few years in the real estate sector have now given way to a quieter market, which means you can take your time to assess a deal and have greater control over your choice. This benefit was almost completely absent a while ago as you had to move fast to close a good deal. [Read more…]

What You Need to Know About Home Buyer Tax Credits

With the tax filing date getting close, people have been looking for new avenues of saving tax. , . One of the biggest opportunities of saving tax this year is availing the federal homebuyer tax credit. [Read more…]