If you have always dreamed of owning a home, you may think the present economic climate is not a good time to buy.
But, with the Home Stimulus Plan, you can take advantage of a tax credit for first time home buyers that makes it a very good time to buy a home.
The economy is the worst that many people remember in a very long time.
No one really knows when it will improve, and the housing market is quite depressed, too.
So you would think it would not be such a great time to buy a house, but stop and think for a moment about the market.
Prices are extremely low on houses right now; sales are down, so you can get a bargain.
This has been quite traumatic to many homeowners whose dropping home prices have caused them to all but lose total equity in their home.
But, armed with the tax credit for first time home buyers, you can take advantage of a deflated market and also reap great financial benefits, too.
This plan allows for you to take a tax credit of 10% of the purchase price of the home, up to $8,000.
This is a refundable tax credit, which is very important.
This means you don't have to owe that much in order to claim that tax credit.
The Home Stimulus Plan includes this program for folks who have not owned a home within three years, and there are other requirements, of course.
But, you should understand, that it is a very, very good time to buy.