The Economic Stimulus Package has just been updated for the first time homebuyer that includes an $8,000 tax credit and the 15 year payback provision has been eliminated. This new package provides huge incentives for renters who are considering buying their first home.

Even if you are not a first time homebuyer, this message may be relevant to you. If you have been thinking of selling your home, now may be a good time to do so because additional buyers will be in the market.

To see how this might affect you watch the video provided by clicking next to the red arrow.