Don't disregard this! 

You've heard it before, but when you stop and think, this tax credit is really a big deal.

There are income caps, and some residency requirements.  But for the most part, anyone looking to buy a home in the Montpelier and Barre real estate market is going to qualify for at least some federal tax credit. 

Again, with certain requirements which need to be met, first time buyers are eligible for an $8000 tax credit.  That's a CREDIT, meaning that even if your total tax liability is $1000, you're going to get $8000 from the feds.  Read:  You'll get a check for $7000 when you file your 2010 return.

Even if you already own (or have owned) a home in the Montpelier and Barre real estate market, you've still got a good chance at qualifying for the $6500 tax credit.  There are some conditions, and I can help walk through them with you to make sure you don't leave any money on the table.

It is very important to remember that to have a chance at either of these you need to be in contract by April 30.  That means IN CONTRACT.  Everything's got to be signed off on.  If you make an offer on April 29, you may or may not make it in time.

Then, it's got to close no later than June 30.  No extensions.  And remember, lenders, inspectors, attorneys, insurers, etc. are all going to be busy.  I strongly advise not waiting until the end of either of those time frames.

Just so I don't get sued:  I'm not an accountant (though I do have a degree in Finance).  You really should talke with your accountant for specifics.

Be an expert on the Montpelier and Barre real estate market.  Remember Ray