By now, everyone looking at Austin real estate is well-aware of the first time homebuyer's tax credit incentive. Through the program, first time homebuyers can enjoy a tax credit of up to $8,000 when purchasing a home, with the total amount of the credit being equivalent to 10% of purchase price of up to $80,000. While this tax credit has certainly helped inspire many to purchase new homes and has also given the real estate market a bit of a boost, the unfortunate reality is that homebuyers are running out of time to take advantage of the credit.
According to a survey conducted by Realtor.com, 10.8% if homebuyers have cited the tax credit as the most important reason for buying right now. In addition, approximately 1.4 million people have already filed
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