The Time Is Ticking Down For Home Buyer's Tax Credit

By
Real Estate Agent with Gaston & Sheehan Realty

The first time homebuyers tax credit is still available but time is running out. In order to take advantage of the tax program, homebuyers must be under contract to purchase a home by April 30, 2010. The purchase closing date must take place by June 30, 2010.

There is no shortage of homes available for those looking to buy in Pflugerville, Round Rock, Austin or surrounding areas. That, coupled with low interest rates and affordable home prices, buyers are able to pay close to or less than renting.

The program is well-known as a first time homebuyers program but includes those who have not owned a home during the past three years - Plus, an existing homeowner who purchases another home can claim a tax credit up to $6,500. To qualify, that owner must have owned and used the same residence as a principal residence for any consecutive five-year period in the previous eight years. There are eligibility guidelines for each of these tax credit programs.

The tax credit is essentially a gift from uncle Sam! It does not have to be repaid provided the buyer stays in the home for at least three years.

If you have questions about the Tax Credit or ready to make a home purchase under the tax credit program, please call me and let’s take the next step together in finding you the perfect home.

Karen Staha, CRS,GRI,ABR,SFR REALTOR - Assisting buyers and sellers in Round Rock, Pflugerville, Austin, Cedar Park, Leander & Surrounding Areas Since 1995 - Gaston & Sheehan Realty - Call me direct: 512-217-2435 email: kmstaha@aol.com website: www.karenstaha.com

Comments (4)

Trey Thurmond
BCR Realtors - College Station, TX
College Station , Texas Homes

Karen

Folks shouldn't delay  any on this cause it takes 5 to 6 weeks to get most loans done these days!

Mar 07, 2010 04:12 AM
Karen Staha
Gaston & Sheehan Realty - Round Rock, TX
CRS, GRI, ABR, REALTOR, Austin & Surrounding Areas Texas

Hi Trey,  Yep, you're right.  It's going to break my heart come April 30th when I have to start telling folks they waited too long to call me!

Mar 07, 2010 10:55 AM
Sidney Kutchuk - Realty Works Temecula Kutchuk - Realty Works Temecula
Realty Works Temecula - Temecula, CA
Realty Works Temecula

Hi Karen:  Love your new profile picture.....glad you are back in the rain!!!!

Mar 07, 2010 02:55 PM
Justin Messer
Supreme Lending USDA, FHA, and Conventional Loans - Peachtree City, GA
Residential Loan Officer, USDA Rural Housing Loan

I love the countdown clock.  That is great! 

Mar 08, 2010 06:10 AM