First Time Home Buyer Tax Credit Deadline Approaching April 30, 2010
The First Time Home Buyer Tax Credit Deadline is rapidly approaching on April 30, 2010. Now is the time to be out looking for that property.
A person who qualifies for this tax credit is an eligible taxpayer who must purchase, or enter into a contract to buy or purchase, their principal residence on or before April 30, 2010. This transaction must be closed no later than June 30, 2010. For purchases which qualify in 2010, taxpayers have the option of claiming the credit on either their 2009 or 2010 tax return. Please consult your tax advisor for details.
There is a large inventory of homes on the market, and there are some great opportunities to take advantage of this tax credit. This is a great opportunity to consider purchasing a home and taking advantage of this first time home buyer tax credit. However, you must be under contract before April 30, 2010 and close the transaction by June 30, 2010.
If I can answer any questions about this first time home buyer tax credit or if you are considering purchasing your first home, please contact me.
Phone or Text: 949.280.0681
Email: Spaxson@roadrunner.com
Originally posted at NewportBeachRealEstateCafe.com
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Sharon, have you heard that the CA homebuyer tax credit got an extension? I hope this helps push our economy along after the federal credits are over and gets us over this hump!
Great information Sharon. I am sure many buyers will want to take advantage of this credit.
I wonder if we're going to see a rush during the last 15-30 days like we did last year.
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Come join the fun in ActiveRain's Guerrilla Marketing Team Contest.
I wonder if we're going to see a rush during the last 15-30 days like we did last year.
_________
Come join the fun in ActiveRain's Guerrilla Marketing Team Contest.
I wonder if we're going to see a rush during the last 15-30 days like we did last year.
_________
Come join the fun in ActiveRain's Guerrilla Marketing Team Contest.
I wonder if we're going to see a rush during the last 15-30 days like we did last year.
_________
Come join the fun in ActiveRain's Guerrilla Marketing Team Contest.
I heard from a Realtor that she wished they would leave this thing open ended, saying you could be under contract, but not have to close by the 30th, allowing more foreclosures to be included, since they take longer to get to the finish line. Made sense to me...