Zillow Advice: Buying New Homes - At what point do I qualify for the $8,000 tax credit?

nope, you need the keys. ...

Sat, 13 Jun 2009 10:51:00 GMT

nope, you need the keys. of course odds are still not terrible that congress extends it either temporarily or indefinitely at the end of the year. it really is probably the best thing they have done to address housing even if they keep trying to corrupt it into some kind of bank payoff

HUD 1st time home buyer tax ...

Sat, 13 Jun 2009 10:07:00 GMT

HUD 1st time home buyer tax credit info...it's all you need to know...

National Association ...

Fri, 12 Jun 2009 01:16:00 GMT

National Association of Realtors Power Point Presentation of the 2009 tax credit.
http://carolann.betterhomesus.com
(click on 2009 tax credit).

I understand the Association is pushing to extend credit, so stay in touch.

Best Regards,
Carol Donatelli, CRS
Broker/Realtor Associate
http://www.crs.com/msite/6575289

When it is recorded and shows ...

Mon, 08 Jun 2009 03:17:00 GMT

When it is recorded and shows you have title to the property and are given the keys. Possession must be prior to 12/1/09 to benefit for the $8K tax credit.

Will you start looking for another property now or wait for the one being built for you? Just curious.

Settlement date or the date ...

Thu, 28 May 2009 01:54:00 GMT

Settlement date or the date you move into the property is the day you take possession or ownership. (to add on to Lewis Corcoran's advice)

It must close before Dec ...

Wed, 27 May 2009 23:48:00 GMT

It must close before Dec 1, 2009. Therefore, your current scenario will not qualify you for the first time buyer's credit.

In order to qualify for the ...

Wed, 27 May 2009 22:54:00 GMT

In order to qualify for the tax credit, you must make settlement on your new home before December 1, 2009. Simply 'signing a contract' before that date does not meet the requirements.