Buyer of a house I am selling is getting a $10K 1st time home buyer grant. Does anyone know about this program? I'm off to get more info?

First of all, the first time home buyer grant offers first time buyers, if they qualify as first time buyers, for a tax credit (not a grant) of 10% of the value of the home, not to exceed the $8,000 maximum. You have to qualify as a first time home buyer, though. If you are a married couple and one person has owned a home before you will not qualify.

You'd need to move out of your home for I believe 4 years, renting in between, before you'd qualify as a first time home buyer again. We have a lot of first time home buyers looking at the Eden Prairie homes for sale in this area. It's a great incentive if you can find a house and get the process started early enough to take advantage of it.

The first time home buyer credit doesn't extend beyond $8000 I believe but there is other grants and benefits out there for folks that are trying to get into their first home. I found a great site that is doing exactly that. They will furnish personalized documentation revealing your prospective eligibility to receive a Private Grant, Government Grant or other Financial Assistance available.

I suggest you check them out.

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