Tax credit continues past end of month for some

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Real Estate Agent with Residential, Investment properties, rehab projects, property management, luxury homes, new construction!

The tax credit that has motivated first time home buyers and move up buyers alike will expire at the end of the month for most.  If you are under contract by the end of April, you can still qualify (provided you otherwise qualify and close by June 30th).

However, if you are member of the armed forces, your tax credit for home purchase is extended in certain circumstances. 

 Any service member who is or has been on extended duty for 90 days or more between Jan. 1, 2009 to April 30, 2010, has until April 30, 2011, to sign a sales contract and until June 30, 2011, to close on the property. Both the $8,000 first-time and the $6,500 repeat home buyer tax credits are included in the extension.

 

 

 

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