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6500 tax credit: As the $8000 tax credit expires, where is the real estate market headed? - 04/22/10 03:39 PM
The first-time homebuyer tax credit will be expiring on April 30 - just 8 short days from now.  If you don't have a contract signed to buy a property by that date, you will not qualify for the $8000 federal tax credit. (Deals must close by June 30, 2010 but be under contract by April 30, 2010.)
This credit has actually caused sort of a "mad rush" for buyers to purchase properties before that deadline.  Because it does not appear that there is any push to get the tax credit extended.  The National Association of Realtors has been mostly silent on an … (82 comments)

 
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Rob Arnold, metro Orlando full service, investor friendly & foreclosure Realtor

Altamonte Springs, FL

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Sand Dollar Realty Group, Inc.

Address: Apopka, FL, Longwood, FL, Winter Springs, FL, Casselberry, FL, Orlando, FL, Deltona, FL, Debary, FL, , Altamonte Springs, FL, 32714

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My thoughts on the real estate industry, real estate investing, rental properties, mortgages, listing houses in the MLS, government and legislative issues affecting real estate brokers and investors. Serving metro Orlando & most of Florida.

Rob Arnold - ABR, CPL, CRB, CSP, GRI - Managing real estate broker, Notary Public














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