First Time Home Buyer Articles and Videos - Page 1

Ilyce has compiled a checklist to be used by home buyers, and in particular, first time home buyers when looking for a new home. While her best selling book 100 Questions Every First Time Home Buyer Should Ask outlines many of the items in this checklist. It's good to have a handy list when shopping…

Some get the $6500 repeat home buyer credit while others do not. It may not be fair, but the Congress have limited the scope of the move up home buyer tax credit. Even some first time home buyers can't qualify for the credit. The rules are strict for the $6500 and $8000 tax credit. Make sure you…

$8000 First Time Home Buyer Tax Credit Not Available If You Owned A Home Within Last Three Years
When it comes to the IRS and the home buyer tax credit, the rules are rather strict. To qualify for the $8000 first time home buyer tax credit, you must not have owned a home as your residence for the…

Housing numbers were rather bleak this week, with demand for new and existing homes down sharply in January. Today on the show we covered unemployment, COBRA continuation extension, unemployment insurance continuation vote In the House and Senate. How to Invest Your Money in 2010 DISCOUNT CODE…

Back in the booming real estate market days, lenders might not have required much documentation from borrowers. But with the change in the real estate market and dropping real estate values, lenders will look at every piece of paper. A loan application will seem like it takes forever and the lender…

$8000 First Time Home Buyer Tax Credit Has Time Restrictions
If you're looking to take advantage of the $8000 first time home buyer tax credit or the $6500 long term (move up) (repeat) home buyer tax credit, you'd better hurry. You have to have a contract signed in hand soon and you must close on…

The first time home buyer tax credit and the existing home buyer tax credit have limitations. The first time home buyer excluded people that have owned a home within 36 months of the purchase of a new home. The existing home buyer tax credit excludes buyers if they have not owned a home for at least…

Now that you closed on a home, you want to get the tax credit. Be careful, you will need to send more than usual to the IRS to prove that you are entitled to the $8000 or $6500 tax credit. So before you push to e-file your tax return, make sure you understand that you won't get the refund you were…

New Homebuyer Credit Form Released; Taxpayers Reminded to Attach Settlement Statement and Other Key Documents

From the IRS:

WASHINGTON — The Internal Revenue Service today released the new form that eligible homebuyers need to claim the first-time homebuyer credit this tax season and announced…

To qualify for the $8000 first-time home buyer tax credit, you must live in the house as your primary residence for at lease three years after buying the house. If you are buying an investment property, you will not qualify for the $8000 first-time home buyer tax credit or the $6500 repeat or…

With the $8,000 first-time home buyer tax credit and the newer $6,500 trade-up buyer tax credit, a lot of people are wondering if they will qualify for any of the tax credits. If you bought a home in 2009, you might qualify for one of the home buyer tax credits. If you bought your home before…

$8000 First Time Home Buyer Tax Credit Does Not Restrict Seller Financing
If you are looking to buy a home and you are a first time home buyer, you can still qualify for the home even if the seller gives you financing. You still need to meet all of the other qualifications for the $8000 first time…

$8000 First Time Home Buyer Tax Credit Has Rules Against Buying From Close Relatives
If you want to buy a home and you are a first time home buyer, don't try to buy a home from a close relative. The IRS rules for the $8000 first time home buyer tax credit do not allow you to buy a home from your…

$8000 First Time Home Buyer Tax Credit and $6500 Repeat Home Buyer Tax Credit Require Tax Forms To Be Submitted
The new and expanded home buyer tax credits now require additional documentation to obtain the tax credit after buying a home. Whether you are a first time home buyer or a repeat home…

To obtain the $6500 home buyer tax credit, you must comply with certain time restrictions: you must have lived in the prior home a full five years prior to the date of purchase of your new home. You must also qualify on the other terms of the home buyer tax credit. If you are short on the time that…

Can you qualify for the 8000 tax credit for first time home buyers if you are buying a house with a partner? if you're not married you can probably still claim the first time home buyer tax credit on your tax return, even if your partner doesn't qualify for the first time home buyer tax credit. Ask…

The home buyer tax credit extension that opened up a home buyer tax credit to trade-up buyers, not just first time home buyers, has caused some confusion over the rules for the home buyer tax credit. The start date has been a big point of concern for the home buyer tax credit extension. Officially…

To qualify for the first time home buyer tax credit, you must follow the 8000 first time home buyer tax credit requirements. There are specific rules against buying a house or receiving a home as inheritance and qualifying for the 8000 first time home buyer tax credit. If you buy a house from a more…

The $8000 first-time home buyer tax credit has been extended and a new $6500 trade-up buyer tax credit was expanded. Some home buyers are upset because they don't qualify for the home buyer tax credit. It's unfortunate that some people just missed the cut-off dates for the home buyer tax credit, but…

UPDATE: (11/9/09) The new $6,500 tax credit for trade up buyers is effective as of the day the bill was signed, November 6, 2009, according to Sen. Isakson's office.

With the extension and expansion of the $8000 first time home buyer tax credit, lots of our readers are happy. But some are rather…

First time home buyers and others can celebrate soon. There's movement to extend and expand the first time home buyer tax credit. But wait, there's more. The new and improved home buyer's tax credit will be expanded to include higher income earners and existing home owners. The fragile real estate…

The IRS has advised taxpayers that the Expanded Recovery Act Tax Credit will help homeowners winterize their homes so they can save energy and save money at the same time. But the IRS cautions homeowners to check the tax credit certification before they buy winterizing tools.

The White House supports three pro-housing measures including the extension and expansion of the $8,000 tax credit, continuing an expansion of the loan limits, and support for the Housing Trust Fund. These pro-housing measures were announced by Treasury Secretary Tim Geithner and HUD Secretary Shaun…

The first time home buyer has all kinds of restrictions: income, how long you must live in the home, how long you couldn't have owned a home and who can sell you the home. There are even restrictions on whether you can qualify for the $8,000 first time home buyer tax credit if you plan to rent the…

The first time home buyer has restrictions on income. The first time home buyer tax credit requires you to live in the home for 3 years. Also, you can't have owned a home for the last 36 months. In addition, the first time home buyer tax credit has restrictions on who can sell you the home. There…