How long after owning a home are you considered a first time home buyer again?

I sold my home in November 2008. How long do I have to wait from the date of my sale to be considered a first time home buyer again. Also is it from when you last owned a home or is it from when you last purchased your home?

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  • Anonymous
    1 decade ago
    Favorite Answer

    Three years for the tax credit. From when you last owned a home.

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  • 1 decade ago

    I assume that you are speaking of the current federal tax refund for a first time home buyer. You cannot have owned a primary residence within the preceding three years to be qualified for that credit.

    Your sale of your house is far to recent for you to qualify.

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  • 1 decade ago

    you can not have had owned in the last 3 years.

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  • 3 years ago

    Why do you opt directly to be qualified as a prevalent time homestead shopper? Who advised you that the 1st time homestead shopper could have greater effective costs? are you attempting to pass with a Federal own loan? i'm a loan broking provider, and many times it is greater effective to get a private loan for a guy or woman who already has loan history.

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  • MadMan
    Lv 7
    1 decade ago

    With regards to the tax credit, three years. In actuality, never.

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  • 1 decade ago

    3 years, if you know longer own the property. re

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