Did you know that the IRS defines a first time homebuyer as anyone who has not owned a primary residence in 3 years or more. So if you owned a home in the past and sold it and have been renting for 3 years or more, you qualify under this First Time Homebuyer Tax Credit.
The IRS web site has details about this credit and also a great question and answer section and can be a very helpful source of information. Also, members of the military who have been serving outside of the U.S. have additional time to purchase a home and take advantage of this credit.
Please email me kstenberg2@msn.com or call me and I'd be happy to answer your questions and help you buy your first home!
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