This week the IRS released the form to be used for the first time homebuyer tax credit.  As you might be aware the tax credit for homes closed 1/1/09 to 11/30/09 has been increased to $8,000 and it does not normally have to be repaid so long as the buyer remains in the home as their main residence for at least three years.  And for eligible purchases made in 2009 the tax credit can be applied to 2008 taxes. (you must close on your home by 11/30/2009). With home prices down over 50% in the last few years in some areas and rents rising there may be no better time to own your own real estate in Aliso Viejo Ca.

 First Time Homebuyer Tax Credit form.

For buyers in Orange County CA (Laguna Niguel, Aliso Viejo, Laguna Hills, Dana Point, Mission Viejo) we would be pleased to help first time  home buyers find their home.  There are many opportunities in this market.

• There is a oversupply supply of affordable homes at incredible pricing.
• Builders have new homes available, With huge incentives, some furnished for quick move-in
• Recent drops in interest rates have opend the door to homeownership to lmany more people.
• The tax credit could offer a great boost for the first time home buyer buying Aliso Viejo Real Estate.
• There are other tax advantages of home ownership even without the tax credit.
• There are many affordable Bank Owned snd Short Sale Homes available.  
• The tax credit as currently written is only available for those who close on a home by 11/30/09 so you must take action to take advantage of this.
• Opportunity knocks for home ownership,  not seen in a generation.

For your Aliso Viejo real estate needs, call Randy Hutchinson of Evergreen Realty.  The direct number is 949 202-9555.

There are income limits and other restrictions for this tax credit.  Be sure to consult with your tax advisor to be sure whether this tax credit would be applicable in your situation.

For complete details on everything Aliso Viejo Real Estate visit our web site at http://www.alisoviejorealestate.com.