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For the last couple of weeks, I’ve been helping out a colleague of mine who’s relatively new to the area. He’s been on the hunt for a new home but isn’t all that familiar with the various communities around town. Now, don’t get me wrong, he IS working with his own professional realtor but I guess he also wants an “unbiased” point of view on things as well. He happens to be a first time home buyer and is keen on taking advantage of the 2010 Homebuyers tax credit that’s currently available. As long as my buddy finds something before the April 30th deadline, he’ll qualify for a tax credit of up to $8,000.

oh and it turns out that FIRST TIME homebuyers aren’t the only ones that can benefit from these tax credits. Homeowners that are currently in the market for a new home can qualify for a tax credit of up to $6,500. The same deadlines apply and you have to have lived in the current house for 5 of the past 8 years.

With the low interest rates and the decline in home prices, it should be a good time to purchase a home. But with all the uncertainty surrounding our economy and the real estate market, I’m sure it’s still a tough decision to make for any prospective home buyer right now.

To learn more about the tax credits and the Real Estate Bailout be sure to check out ColdwellBanker.com. There you can find specifics on the homebuyer tax credits and how to qualify.

This was a sponsored post written by me on behalf of Coldwell Banker.