Do you have to buy a brand new house/condo in order to qualify for the first time home buyer tax credit? Would a first time home buyer qualify for the credit if he buys a 30 years old condo which has had 3 or 4 different owners before?
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"What types of homes will qualify for the tax credit?
Any home purchased by an eligible first-time home buyer will qualify for the credit, provided that the home will be used as a principal residence and the buyer has not owned a home in the previous three years. This includes single-family detached homes, attached homes like townhouses and condominiums, manufactured homes (also known as mobile homes) and houseboats." -
Thank you, BP.Originally posted by BP. View Post
I also found this in your link:
"First time home buyers purchasing any kind of home—new or resale—are eligible for the tax credit. To qualify for the tax credit, a home purchase must occur on or after April 9, 2008 and before July 1, 2009. For the purposes of the tax credit, the purchase date is the date when closing occurs."
So now the answer to my question is very obvious.
Thank you very much.Comment
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