$8000 Tax Credit - Whittier Real Estate

Here are some of the key points of the new $8,000 Tax Credit for first time home
buyers
.

You don’t have to repay it.
The tax credit is available for a home purchased from January 1, 2009 through
November 30, 2009.
If you are a first-time home buyer, you can claim the tax credit.
The $8,000 applies to a single property.
The property can be a Single Family Residence, a condominium or a multi-family unit,
up to 4 units.
The $8,000 would apply to two people buying the same property together. Each
individual would be eligible for half the amount, or $4,000.
You must live in the home for at least three years in order to keep the tax credit. If
you sell it sooner, you will have to pay it back.