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Final week is here if you plan on taking advantage of the home buyer tax credit!
24 April 2010We are now heading into the final week of the Government’s home buying tax credit program. First time home buyers and repeat buyers have until April 30th to negotiate and have an offer accepted between them and the home seller. Since this is the final week you need to make sure all of your [...]
Home buyer tax credit extended for some in the U.S. Armed Forces
21 April 2010The first time home buyer and long term resident tax credit are scheduled to end for most home buyers on April 30, 2010. However for some members of the U.S. Armed Forces the time to purchase a home in order to qualify is extended. According to IRS Publication 3 “Armed Forces’ Tax Guide”, the [...]
64 percent of those who responded to a Fannie Mae survey think it is a good time to buy a house
16 April 2010In a recent survey conducted by Fannie Mae 64% of those who responded believe now is a good time to buy a house. Viewing housing as a safe investment the majority of those who responded would rather own than rent. This may be good news for the housing industry across the country. With the home [...]
If we do not close by April 30th will we miss out on the home buying tax credit?
14 April 2010Real estate agents, buyers and sellers need to be aware that the first time and long time owner tax credit is scheduled to end on April 30, 2010. Does this mean that a qualified buyer must close on the home they are purchasing by April 30th or lose out on the tax credit? No, [...]
The current home buyer tax credit is scheduled to end on April 30, 2010
31 March 2010The current home buyer tax credit is scheduled to end on April 30, 2010. Buyers who have not executed a contract to purchase with a seller by that date will not be able to take advantage of the up to $8,000 for a first time home buyer and up to $6,500 for a qualifying repeat [...]
If I do not close on the home I am buying by April 30 will I lose the home buyer tax credit?
29 March 2010There are two different home buyer tax credits schedule to end on April 30, 2010. The first is the first time home buyer tax credit of up to $8,000 and the second in the long-time resident tax credit of up to $6500. As part of the qualification process you must be under contract to [...]
Alabama Open House Weekend April 10-11
21 March 2010Home buyers who wish to take advantage of low interest rates and the home buyer tax credit should make note of an upcoming special event being held across Alabama on April 10-11, 2010. Real estate agents across Alabama will be showcasing their latest listings. Buyers have until April 30, 2010 to have an executed [...]
If my dad owns a home and helps me buy my first home do I qualify for the first time home buyer tax credit?
7 January 2010First time home buyers who qualify can receive up to $8,000 if they purchase a home prior to April 30, 2010 or are under contract to purchase a home by the April date and then close by June 30, 2010. If a parent already owns a home but cosigns on a loan for [...]
Can I receive the first time home buyer tax credit if I buy a short sale?
5 January 2010Houses being sold as a short sale make up a significant portion of listing inventories across the country. Buyers want to know if they can still receive the first time home buyer tax credit if they buy a short sale. The answer is yes as long as the house is a detached or attached home, [...]
The next 4 months are prime time for selling your home.
3 January 2010Home owners need to be aware that the next 4 months are prime time for selling their home. Why? The reason has to do with money, up to $8,000 in some cases. First time home buyers have a tax credit incentive available if they buy a home prior to April 30, 2010 and anyone who [...]