Sep. 5, 2009 - First time homebuyers are cashing in

Tax Credits are being filed

A National Association of Realtors (NAR) survey resulted in an estimate of more than one million first time home buyers that have used the $8,000 first-time homebuyers tax credit.  It is expected that more than 1.8 million credits will be claimed by the time the program expires on November 30, 2009.

According to new government data released on Friday, nearly 315,000 people have claimed the tax credit after filing an amended 2008 tax return; so far.  Why the disparity of numbers?  It has been reported in CNN/Money that the treasury's figures more than likely sharply underestimate the real number of people who have taken advantage of the credit because many homebuyers have not yet claimed it on their tax return.

Here in New Jersey, the report shows that through August 31, 2009 more than 5,000 first time home buyers have taken advantage of the tax credit.

There are 168 homes actively listed for sale with a list price of $300,00 or less here in Franklin Township. Contact me, today, to schedule a tour of any that meets your personal needs.