Calling All Buyers! Final Days to enter contract for federal tax credits

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Final Opportunity For Many Buyers To Take Advantage Of Federal Tax Credits Ending This Week!

Original content by Laura Coffey BRE #01410130

Calling All Buyers! Final Days to Enter Contract for Federal Tax Credits..

This is the final week for home buyers to enter a binding contract to take advantage of the federal tax credits for certain home buyers.  I think most everyone has waited to the last minute. Eligible purchasers must enter contract by April 30 and close escrow before July 1 to claim the tax credits on their federal tax returns.  I have been working around the clock to help buyer's secure properties and enter contracts by Friday. A one-year extension may be available for members of the military and other federal employees who served on official duty outside the U.S. for at least 90 days from January 1, 2009 to April 30, 2010. 
Federal Tax credit 

First-time buyers may be eligible for up to $8,000, while existing homeowners may be eligible for a tax credit of up to $6,500.  Neither credit requires repayment if buyers live in the residence for three or more years.

For more information on home buyer tax credit providing incentives for buyers.

Laura Coffey, ABR, QSC, CDPE

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Laura Coffey



Comments (4)

Teral McDowell
Referral Patners LLC - Murphy, TX

Now that it has expired we can all wait to see if it was a help or not to the market.

May 05, 2010 02:17 PM ~ Dallas Real Estate Agent Top Team
Dallas Houses for Rent Dallas Apartment Rentals - Dallas, TX

I thought I would provide you a direct link of No texting while driving reenactment video pass on to others and their families certainly makes you STOP and think. DIRECT LINK

Aug 31, 2010 08:13 AM
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Our prices have definitely softened (in response to #1).  Buyers who buy now will probably realize more than $8000 in savings in our market (Las Vegas) anyways!


Jul 31, 2011 08:42 AM
James A. Browning
Browning Real Estate School/REO Institute - International, IT
MRE REOCertified(R) SSCertified

Thank you for sharing your blog; we need Real estate Professionals to share their comments and information regarding their markets and experiences. Thanks again from beautiful Colorado

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Jun 26, 2012 12:45 AM