Government Grants For First Time Home Buyers – Time is Running Out

There is nothing like owning your own home, especially now with the government grants for first time home buyers. In your own home you can paint it the color you want, change the flooring, and you watch a movie or listen to music a little louder, as there are no upstairs or downstairs neighbors.

Owning your own home gives you freedoms that renting just does not. You never have to worry about coming home late and all of the parking near your front door is taken. You can let your dog out to run in your fence yard. Heck, you can even build an extra room on your own house if you want.

Yes, being a home owner has it perks. And now with the slump that the real estate is in right now, it is a buyers market. A home buyer can get more home than ever before for less. If you are a first time home buyer the government has added a little incentive to get you to buy, but hurry as this ends on December 1, 2009.

Right now you can get up to an $ 8000 tax credit when you buy your first home. This means that at tax time you will have up to $ 8000 coming back to you even if you owe nothing in taxes. Heck, you really do not have to be a first time home buyer at all. If you have not owned a home within the past three years then you too will qualify.

So, stop wasting your money on rent and buy your own home. But, before you do, make sure that you do not qualify for other grant money available. The government has all sorts of different reasons they will give out money for home buyers. Some may depend on how much money you make and others may depend on where the house is located. It is important to be sure to research and fill out the forms correctly to be considered for free grant money, whether you are a first time home buyer or not.