What? I have until JUNE 30,2010 to get my 1st Time Homebuyer Tax Credit?!?
That’s right, you don’t have to close escrow by April 30, 2010 to get up to $8,000 in federal tax credit, you just have to have your house under contract! If you were like millions of people across the country that thought you only had one month left you are in for a great surprise!
If you and the seller can agree on a sales contract by April 30, 2010 you have an additional 60 days (until June 30) to close escrow. A lot of people don’t plan on buying and closing escrow on their home in the next month but what if all you had to do was make an offer and had 90 days to close? Does that fit your time table?
Read more about it on the IRS website: http://www.irs.gov/newsroom/article/0,,id=204671,00.html
Need more convincing? How about the National Association of Home Builders website: http://www.federalhousingtaxcredit.com/faq1.php#9
And lastly, Frontdoor.com’s article by Annalisa Burgos: http://www.frontdoor.com/Home-Finance/Tax-Credit-to-Benefit-Both-First-Timer-Buyers-and-Current-Homeowners/55352
If you or someone you know is planning to buy or sell real estate in the far Northern California region and wants to know more about the 1st Time Homebuyer Tax Credit send them my way! They’ll thank you for it.
Jessica Murr is a licensed Realtor in California serving the Shasta and Siskiyou County region in far Northern California. She specializes in luxury homes and developable land as well as commercial sales and leases. Her services to clients include 24/7 access and mastery of social networking to keep both buyers and sellers up to speed on every step the market takes. Jessica has established herself as the Online Real Estate Professional of Choice for all aspects of far Northern California Real Estate.
Jessica Murr
Realtor
530-941-6061 (Blackberry)
Richter Scale Real Estate
www.RealtorJessicaMurr.com
DRE License # 1777426
"I don’t follow Real Estate – I’m leading the way"
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