Are you sick of commuting to DC? Are you a first time buyer ready to buy a home anywhere in Washington DC?
Then this is Great news for you- Washington DC First Time Home Buyers according to DC Association of Realtors the First-time Homebuyer Tax Credit Amendment Act of 2014 has been approved. This amendment witll reduce the recordation tax rate from 1.45% to 0.725% for first-time buyers in the District. DC recording tax is currently higher than both VA & MD. This reduces it significantly. You can use this credit anywhere in the city from Capital Hill, SE to NW, Foggy Bottom to Lincoln Heights to Colonial Heights to Glover Park, NE to SW. Now combined with low interest rate, local buying programs, down payment assistance programs- this is another reason to become a homeowner now!
To qualify, buyers must have never purchased a home in the District, and the property must be a primary owner-occupied residence. Lets Get started you have no more excuses!