The government has created a monetary incentive, a tax credit for first-time home buyers as a tool to stimulate the housing market. The tax credit will be 10% of the purchase price of a home, up to a maximum of $7,500. If the home costs more than $75,000, first-time home buyers (anyone who has not owned a home in the last 3 years) will receive the full $7,500 tax credit. There are income limits to qualify for this incentive.
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The source of the listing data is as follows:
My Florida Regional MLS (updated 1/19/18)
What Seniors Need to Know Before Purchasing a New Home
Purchasing a home can throw curve balls your way at any age, but the potential pitfalls can be magnified when the one doing the purchasing is a senior. Plenty of seniors, however, are able to finance a new home, move, and live comfortably in their new setting. Here are some of the things you must know before diving in headfirst. Read More