Tax Credit Facts

Buyer Tax Credit is Expiring, Act Now!

Remember, first-time home buyers purchasing a new or existing home are eligible for the tax credit. The guidelines of the tax credit specify that the home purchase must occur on or after January 1, 2009 and on or before April 30, 2010. The law also states that a closing (transfer of title to the property) occurning by June 30.2010 can qualify provided that there is a binding sales contract in force by April 30, 2010.

What does that mean to you as a buyer? Act now! There are many homes on the market. Many of them are foreclosures and short sale opportunities. Negotiation for foreclosures and short sales can take many weeks to finalize as they are subject to multiple levels of approval. We list foreclosures and short sales and can help you find a great home before the April 30th deadline.

Remember, home purchases in 2010 may be claimed on 2009 taxes or amended 2009 income tax returns. Don't miss out on your $8,000.00! There are distressed sellers, homes for auctions and foreclosures waiting for your purchase!

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