First Time Home Buyer What Is Clear Definition In A Real Estate Transaction

Dated: 04/09/2015

Views: 213

First Time Home Buyer  - An individual who has had no ownership in a principal residence during the 3-year period ending on the date of purchase of the property. This includes a spouse (if either meets the above test, they are considered first-time homebuyers). A single parent who has only owned with a former spouse while married.


Many people think because they have owned in the past they are not First Time Home Buyers, but that is not the case as you can see from correct definition. I just like everyone to know as purchasing Real Estate is a great opportunity, and if you can use the many First Time Home Buyers Programs it can make that opportunity a Reality!

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