I sold a house last week and I stepped back and took a look at the good fortune for these two.  A young woman was buying her first home, and they bought the house for more than $25,000 less than what it first went on the market for, and got the sellers to pay some closing cost assistance and many repairs. Add to that the fact the seller had upgraded the electric, insulated the house, replaced the windows and roof, and refinished the floors. During the inspection the septic failed and paid for the hookup to city services.   The net out of pocket for the buyer will be about $10,000.   Then - the US Government will pay them $8,000 as first time home buyers meaning they she's in for a net difference of $2,000!   Add to this the 5.25% interest rate she got  andcould there really be a better time for a first time home buyer to buy a home ?

Please listen to my podcast all about the $8,000 credit

CLICK HERE to see the actual IRS form to claim the credit

The River To Shore Group has been quite busy placing 17 homes under contract in the past 8 weeks. 

If you know of anyone who could qualify as a first time home buyer (generally meaning someone who hasnt owned a home in more than three years), please.