Buying selling a home Orlando » home buying

Home buyer tax credit extended for some in the U.S. Armed Forces

admin — Wed, 21 Apr 2010 19:31:15 +0000

The first time home buyer and long term resident tax credit are scheduled to end for most home buyers on April 30, 2010. However for some members of the U.S. Armed Forces the time to purchase a home in order to qualify is extended.

According to IRS Publication 3 “Armed Forces’ Tax Guide”, the tax credit deadlines are extended to April 30, 2011 for entering a written binding contract to purchase a home and June 30, 2011 for closing on the home for those members on qualified official duty outside the United States for at least 90 days after 2008 and before May 1, 2010.

First step to buying a house

admin — Sat, 30 May 2009 21:04:22 +0000

The first step to buying a house starts long before you meet with a REALTOR or visit an open house. The first steps involve planning ahead. If you intend on being a home owner in the future now is the time to make sure you are prepared and able to accomplish your goal of home ownership.

Make sure you maintain a good credit rating. This will save you time and money when you are ready to buy a house.
Save your money. You are going to want to have money saved for your down payment, closing costs and pre-paids required to finance a home.

Stick to the plan and you will be buying your first home before you know it.