First-Time Home Buyer’s Credit – It’s Not Too Late

If you haven’t taken advantage of the first-time home buyer’s credit to buy your Portland home, don’t fret, you still have some time.  To get the credit, you have to be in a binding contract by May 1st, 2010 and close before July 1st, 2010. So what are you waiting for?

If you are a first-time home buyer you can get a credit of $8000, and you can even take the credit on your 2009 taxes! And this is credit, not a deduction, which means that if you owe no taxes for the year in which you claim, Uncle Sam will write you a check for $8000.

So get yourself in gear. It’s a buyer’s market in Portland which means that you can get a great deal as well as a little cash in your pocket. If you don’t act now you will be kicking yourself later.