Yes, it’s tax day. But for buyers, April 15 also signals the start of the final countdown for the Home Buyer Tax Credit. There are only 15 days left to negotiate a price and complete a fully executed Purchase Contract for a property you intend to buy if you plan to qualify for the credit [...]
Archive for the ‘Home Buyer Tax Credit’ Category
It’s No Joke! (HBTC Deadline)
April 1st, 2010
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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 [...]
Mark Your Calendars: Home Buyer Tax Credit Deadlines
January 5th, 2010
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Just a few months ago, we posted an entry about keeping an eye on the ticking clock heralding the fast approaching deadline for the “original” First-Time Home Buyer Tax Credit. But, on November 6, 2009, the Worker, Homeownership, and Business Assistance Act, or Public Law 111-92, was enacted, extending the deadline and expanding the tax [...]
First Time Home Buyer Credit – What’s the Urgency?
September 3rd, 2009
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The First Time Home Buyer Credit is an $8,000 credit that you can claim if you have not owned a home used as your primary residence within the last three years. The credit is made possible by the American Recovery and Reinvestment Act of 2009. The catch is…to qualify for the credit, your home purchase [...]
First Time Buyers RED ALERT
April 6th, 2009
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The DEADLINE is NOVEMBER 30th this year for the $8,000 give away to first time buyers. Buyers must have officially closed their transaction by this date and should remember that it typically takes 60 days to close a transaction after writing the sales contract. For many transactions this could take as long as 4 months [...]
