There are just 30 days left to take advantage of the Home Buyer Tax Credit.
To be eligible for the credit, which was extended last year thanks to the Worker, Homeownership, and Business Assistance Act of 2009, buyers must be under contract for a home by April 30.
First-time buyers are eligible for up to $8,000 and “long-time resident” move-up buyers are eligible for up to $6,500.
For more information on the tax credit, go to IRS.gov or federalhousingtaxcredit.com
Remember, any escrow opened by the April 30 expiration date must also close by June 30, 2010. Be sure to discuss this with your real estate professional and be vigilant about meeting escrow deadlines!
