If you're renting an apartment, now is the perfect time to buy a house. Aside from the big drop in real estate prices right now you can also take advantage of the Real Estate Tax Benefit that the government is offering to everyone. There are a lot of advantages to purchasing a house right now. First of all let me ask you one question. Are you a first time home buyer? If so, take advantage of the Federal Income Tax Credit aimed at first time home buyers or those who have not owned a house in the last three years. You could receive a tax credit of up to $8,000. If you are a homeowner who has lived in your current home for at least 5 consecutive years out of the past 8 years, then you can receive a tax credit of up to $6,500. You have to hurry to take advantage of these excellent tax credits while they are still available. These tax credits will not be extended indefinitely. You should have a written and binding contract by April 30, 2010 to qualify for this great benefit. Visit their website to see more information regarding income limits, eligibility, binding contract rule, additional requirements, or talk to your lawyer, accountant and/or financial advisor. This opportunity is only available to those who qualify. Don't hesitate any longer. Act today before this great opportunity is no longer available. This is a great way to save a lot of money and live in the house of your dreams. Act today before it is too late.
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