If you are in the market for a new home then you have until April 30th to take advantage of the home buying tax credit that has been in play for the last 8 months. This tax credit that has been part of the economic stimulus gives first time home buyers who qualify an $8000 tax credit and existing home owners looking to buy $6500. It is estimated that over 2 million people have taken advantage of this tax break and has started to show signs of helping the overall hosing market. As consumers look to purchase a new home the overall surrounding economy stands to benefit because of the additional spend that will take place in new furniture and appliances.

The real estate companies like Caldwell Bankers ha done a good job to help position themselves as a go to resource to help answer questions as well be an advocate for their clients looking to buy and sell their homes. While the tax break is rather simple you will want to make sure that you understand if you qualify because their is income limitations and the price of your home that you purchase cannot exceed $800k. Using a qualified Realtor can help you find the right home and be able to give you guidance on the specifics of this great incentive to help you get that new home that you have been looking at.