First Time Home Buyer Tax Credit ends soon.... - Wednesday September 30th 2009
The current First-time Homebuyers Credit of $8,000 is for homes purchased on or after Jan. 1, 2009, and before Dec. 1, 2009. (There is a different tax credit for homes bought in 2008.) So, in order to get this credit, you must close on your home by Nov. 30. Factor in that the closing of a home can take on average 30 to 45 days, and this means that the home needs to be under contract by mid-October. Did you also know that you no longer have to repay this credit unless the homeowner sells or moves out of the home within 3 years of the purchase. For more details regarding this credit and other programs, Call Cheryl @ 661-810-7669 to set up an appointment to view homes right away. Time is of the essence...