The clock is winding down on the $8,000 Federal Tax credit for first time Vermont home buyers. This free cash incentive is available for first time buyers who purchase by November 30th. You must actually close by that date to qualify. Given that the typical home buying process in Vermont is 45 to 60 days, the window of opportunity to get a new home under contract is only a few more weeks.
Economic indicators are telling that the economy is on the upswing. That fact combined with historically low mortgage interest rates and an $8,000 tax credit means now is the time to buy. Remember, just one additional payment of $8,000 can save you more than 15% of the total interest paid over the life of a typical $150,000 mortgage.
Contact your BCK Real Estate professional today to learn how to seize this once in a generation opportunity. Call or stop in to any of our five realty offices located in Barre, Waterbury, Montpelier, Northfield or Rochester, Vermont.