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Joselyne Muszynski's Blog (2)

TAX CREDIT EXTENSION FOR HOME BUYERS

The $8,000 homebuyer tax credit for first-time buyers, due to expire in 16 days, will be extended through April 30 of next year and buyers will have an additional two months, until the end of June, to close. First-time buyers who are in the process of making a purchase will no longer need to worry about qualifying for the $8,000 credit if they close after the November 30 deadline. The new legislation increases the income limit for couples with income up to $225,000, a nearly $55,000 increase… Continue

Added by Joselyne Muszynski on November 14, 2009 at 12:40pm — No Comments

First -time homebuyers Tax Credit

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

Added by Joselyne Muszynski on April 30, 2009 at 11:45am — No Comments

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