Home Buying in 19153>Question Details

Stacey, Home Buyer in 19153

If I ourchase a home 7 years ago and wanted to purchase another within the next 2 years will I be considered

Asked by Stacey, 19153 Fri Feb 13, 2009

a first time home buyer?

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2
Stacey,

A First TIme Homebuyer is defined as an individual who has not had an ownership interest in a principal residence in the prevoius three years. If you still own the home you purchased 7 years ago, you would not be considered a first time homebuyer. However, if you sold your home and their will be a minimum of three years between the closing dates you would be a first time home buyer. Feel free to contact me if you need more specific information.

Jason Ewing, GRI/CNS
Coldwell Banker Triad, Realtors
0 votes Thank Flag Link Fri Feb 13, 2009
Stacey, did you sell that home you purchased 7 years ago and when?
0 votes Thank Flag Link Fri Feb 13, 2009
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