Archives by Tag 'home buyer tax credit'
If we do not close by April 30th will we miss out on the home buying tax credit?
Real 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
The 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?
There 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 [...]