Have you heard the news? The federal government is offering a real estate stimulus that can get you out of your renting slump and into your own place. First time home buyers can receive a federal tax credit of up to $8,000! As for those of you who previously owned a home, you may still be eligible. Up to a $6,500 federal tax credit is being offered for move-up buyers. This applies to you if you haven’t owned a home in the past three years. This opportunity may not come again for you, so don’t waste it!

First time homebuyers can receive a federal income tax credit of up to $8,000 if they purchase a home between now and April 30, 2010. This is a tax credit that will not be further extended! This applies to first time home buyers or those who have not owned a home in the past three years. This is a wonderfully rare opportunity for first time homebuyers who have been thinking about purchasing their first place. If your income level is less than $125,000 for singles or $225,000 for families you may be eligible!

So stop what you are doing! You must sign a binding contract prior to April 30, 2010 and also close on the home by June 30, 2010. The best thing to do is to contact your tax professional or your local Coldwell Banker since other restrictions may apply. Like I said this offer will not be extended any longer. Get in touch with the professionals today and be king of your own castle thanks this first time home buyer tax credit !