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Answers (4)
- First Timers Real Estate, "1stTimers"
- Contributions:26
They did not extend the tax credit beyond the June 2010 deadline. There is no talk in our industry about another extension. So if you are serious about taking advantage of the $8,000 tax credit, you still have time to find a Realtor and get under contract by April 30th! Make sure you close in May sometime...I wouldn't suggest closing in June if you can avoid it. Last year when the tax credit was about to expire, the banks were over loaded and the closing could not make that 30 day closing deadline. This year they gave the banks 2 months to close all deals contracted before April 30th.
Good luck!
Good luck!
- mortgagepros1
- Contributions:2
You must be signed to close by April 30th. Hopefully the last few days before the tax incentive expires pushes buyers to take action -- in this tough economy, it's easy to forget the benefits of home ownership. For more information on the tax incentive: [content removed by moderator]
- wetdawgs
- Contributions:26854
You must have a signed contract by the end of April 2010, and close on the house by the end of June 2010. It was extended from the date of late 2009.
- isetnom
- Contributions:2
Yes, until the end of April 2010
What is the status on the first time buyer money, did they extend the date?
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