That said... here are a couple of highlights that I think are very important.
*This is a true credit and does not have to be paid back unless you sell within 3 years of purchase.
* Even if you buy in the first quarter of 2009 you should be able to claim this credit on your 2008 taxes.
* Even if you have already filed your 2008 taxes you should be able to file an ammended return.
* A person qualifies as a first time home buyer if they have never owned a home or if they have not owned a home in the previous 3 years.
Again, I highly suggest you talk to a tax professional about this credit but I personally think this is a great opportunity for buyers.
Give me a call today if you need to find a home and claim your $8,000 credit!