The clock is ticking for Ridgewood Home Buyers…tic…toc.

The First-Time Home Buyer Tax Credit expires on 12/1/2009

If you assume a Sixty-day window from contract to closing, there are now only Seventy Six days to find a Ridgewood Home and get it under contract.

Keep the follow points in mind:

1. Your gross income needs to be below $95k for singles and $170k for folks filing jointly.
2. You are not eligible if you have owned a home in the last 36 months.
3. You cannot purchase the property from a member of your family.
4. The maximum credit is $8k or 10% of the total price of the home.

For more detailed info consult the following resources:

Info directly from the IRS

FAQ’s About The First Time Home Buyer Tax Credit

Related Article

Home Buyer’s Tax Credit Plus 4 Other Reasons NOW is the Time to Buy a Ridgewood Home

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