The $8000 tax credit is available only to first-time home buyers.

 The $8000 tax credit is available only when the first-time home buyers buy a primary residence.

 The $8000 tax credit is available only to first-time home buyers buying a primary residence between January 1, 2009 and December 1, 2009.

 The $8000 tax credit does not require repayment.

 The $8000 tax credit is claimed on a tax return and reduces the tax liability. If the credit is more than the tax liability, the unused credit will be issued as a check to the person claiming the credit.

 If you sell the home within 3 years, the entire $8000 tax credit is recaptured.