Posted on April 30, 2009 at 11:45am
First-time homebuyers must close by Nov. 30 – contract not enough
WASHINGTON – April 24, 2009 – If first-time homebuyers wait until November
to sign a sales contract, it’s probably too late to get the $8,000 tax
credit. To qualify, buyers must close before Dec. 1 – a signed contract is
not enough. New construction should be started by mid-summer to qualify.
According to the National Association of Realtors, a “home is considered as
‘purchased’ when all… Continue