First Time Home Buyers Opportunity
Posted in the Lubbock Forum
Since: Jun 08
#1 Jan 5, 2009
Opportunity of a Lifetime for First-Time Buyers in Lubbock, TX
Interest rates are incredibly low. Homes are priced to sell. Now, more than any time in the last decade, itís a great time to buy a new home in Lubbock, TX. For first-time buyers, the reason to buy a home in the next 7 months is even better thanks to the Federal Tax Credit for First Time Home Buyers.
For aspiring first time home owners who find their goal stubbornly elusive, legislation enacted earlier this year provide a tax credit of as much as $7,500 for first-time home buyers might just be the opportunity of a lifetime.
But like so many of the good things in life, time is of the essence for buyers who want to take advantage of this outstanding opportunity. Only homes purchased before July 1, 2009 are eligible. Hereís the tax credit at a glance:
> The tax credit is available for first-time home buyers only.
> The maximum credit amount is $7,500
> The credit is available for homes purchased before July 1, 2009
> Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 are eligible for the full tax credit
> The tax credit works like an interest-free loan and must be repaid over a 15-year period
If you live in Lubbock or moving to the Lubbock area, Vintage Township has several homes in each of their six communities that can close before the July 2009 deadline. Homes are priced between $166,900 and the$500,000ís. There are even a few homes priced between $285,700 and $469,000 that are ready to close right now.
Vintage Township is a carefully designed, happening-kind-of-place which offers you and your family a whole new way of living. Itís a special place where neighbors know each other, where walking to an outdoor farmerís market or a corner store is a pleasant activity thatís only a short walk from your house or where weekend events and activities make learning-and living better-a lot more fun.
For more information about Vintage Township or the Federal Tax Credit for First Time Buyers, visit www.VintageTownship.com
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