First-Time Buyers: It’s time to jump off the fence

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First time homebuyers who buy a home

by November 30, 2009,

are eligible for an $8,000 tax credit.

  • You do not have to repay the credit, provided the home remains your main home for 36 months after the purchase date.

  • You can claim 10 percent of the purchase price up to $8,000.

  • You are considered to be a first-time homebuyer if you have not owned any other main home in 3 years.

Click Here for More Information and Frequently Asked Questions.

DISCLAIMER:Proudly serving as a Nashville Realtor since 2003 (license #288968) and abiding by all guidelines set forth by the National Association of Realtors, Tennessee Association of Realtors, Greater Nashville Association of Realtors, Fair Housing & Equal Housing. Here's an enlightening blog post on the subject.

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