Valuable information about the tax credit for home buyers and home sellers

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Real Estate Agent with Weichert Realtors | Silver Spring, MD Phone Direct 240-506-2434

Valuable information about the tax credit for home buyers and home sellers



First-time home buyers and current homeowners looking to take advantage of the home buyer tax credit have only two months left to get under contract on their home purchase. Eligible buyers must enter into a contract by April 30, 2010, and close the transaction no later than June 30, 2010.

Here are some lesser-known facts about the tax credit to keep in mind:

  • The tax credit can be claimed for detached houses, condominiums, townhomes, co-ops or a mobile home, manufactured house or travel trailer that is affixed to land. A mobile home or travel trailer that's on the road doesn't qualify.
  • The seller of the home cannot be a close relative of the homebuyer, such as a grandparent, parent, spouse, child or grandchild.
  • An unmarried homebuyer or at least one spouse of a married couple must be at least 18 years old to qualify for the tax credit.

For more information about the First-time home buyer tax credit go to http://www.irs.gov/newsroom/article/0,,id=204671,00.html

 

 

Posted by

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Barbara Michaluk, Realtor

Phone 240-506-2434

Email: michaluk@verizon.net  /  Web: BarbaraSellsMDhomes.com

Authorized Leisure World Specialist / Senior Real Estate Specialist /
Internet Marketing Specialist / Certified E-Pro / Certified Staging Agent

Weichert Realtors / 3816 International Dr / Silver Spring, MD 20906

Authorized Leisure World Specialist     Barbara Michaluk Graduate Internet Marketing Specialist Barbara Michaluk Senior Real Estate Specialist   

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