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Ideas for Spending Your First-Time Buyer Tax Credit

If you’re renting in the Crofton area now and “on the fence” about buying, remember that the first-time homebuyer tax credit of $8,000 is only temporary.  If you don’t buy a home before December 1, 2009, it will be gone unless Congress extends it.  But I wouldn’t count on that.

Let me ask you a tough question.  If you had an extra $8,000, how would you spend it?

Well, you could be totally practical and use it to replenish the savings account or investments you cashed in for your down payment, invest it (with the help of your financial planner), or pay down your debts. 

Then again… 

To keep Focus On Crofton interesting for you, I plan to post a video once each week.  Hopefully you’ll find some helpful information in them… at the very least, you can laugh at me making a spectacle of myself and watch me improve over time, with practice.

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Looking for your first home?  If you’d like to live in the Greater Crofton area including Bowie, Davidsonville, Gambrills, Odenton and other nearby communities, just CLICK HERE to search online for homes.

 

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