homebuyer tax credit: Buyers - Don’t Miss the $8,000 First-Time Homebuyer Tax Credit!
- 09/15/09 07:05 AM
The American Recovery and Reinvestment Act of 2009 expanded the first-time homebuyer credit by increasing the credit amount to $8,000 for purchases made in 2009 before Dec. 1. This means that first-time homebuyers have just under 12 weeks to find and close on a home to qualify for the $8,000 federal tax credit by Nov. 30 - before the Dec. 1st deadline.Those just beginning the process will have to beat the average time it takes to buy a home, a challenge that real estate professionals can help buyers meet even though it's taking longer today to close most transactions today. Foster (0 comments)