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From the category archives:
FROM: NAR Government Affairs RE: Tax Credit Closing Date Extension/Flood Insurance Extension DATE: 30 June 2010 After a close brush with the deadline, Congress has passed an extension of the Homebuyer Tax Credit closing deadline, the Homebuyer Assistance and Improvement Act (H.R. 5623). The extension applies only to transactions that have ratified contracts in place [...]
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Timing Couldn’t Be Much Better for First-time Homebuyers– Be Sure You Make the Right Moves By Rae Catanese, PA Prudential Tropical Realty-Tampa, Fl First-time homebuyers dominated the U.S. real estate market in 2009, accounting for roughly half of all residential transactions, according to the National Association of REALTORS®. That trend is likely to continue well [...]
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The Worker, Homeownership, and Business Assistance Act of 2009 has established a tax credit of up to $6,500 for qualified move-up/repeat home buyers (existing home owners) purchasing a principal residence after November 6, 2009 and on or before April 30, 2010 (or purchased by June 30, 2010 with a binding sales contract signed by April [...]
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Home Owner Move-Up/Repeat Home Buyer Tax Credit FAQ The Worker, Homeownership, and Business Assistance Act of 2009 has established a tax credit of up to $6,500 for qualified move-up/repeat home buyers (existing home owners) purchasing a principal residence after November 6, 2009 and on or before April 30, 2010 (or purchased by June 30, 2010 [...]
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If you are looking to use the first time home buyer tax credit, here is the information on changes and the extension. I’ve also posted links to a spreadsheet that provides more details on changes to the tax credit. Please take the time to read over the Frequently Asked Questions document as well. Please let [...]
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