Thursday, February 25, 2010

First-Time HomeOwner Tax Credit Window is Closing

If you or someone you know in the neighborhood is thinking of making a move, now is the time! The first-time home owner tax credit window will be closed as of April 30--meaning you must have a binding contract by that date for the buyer to qualify for the $8,000 tax credit. This neighborhood is a perfect opportunity for first time homebuyers. And as of today we have 14 homes under contract, 8 of which were sold in less than a month. Buyers are out there looking for homes in Rodgers Forge. Don't miss it! And--when you buy your next home, YOU will qualify for a $6500 tax credit as long as you have signed a contract for your next home by April 30! This is a fantastic opportunity to get a break on your real estate selling costs which we don't often see in Maryland. Contact me if you have questions about the tax credit. Here is a link with more information. http://www.federalhousingtaxcredit.com/glance.php
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1 comment:

  1. AnonymousSeptember 8, 2010 at 3:56 AM

    For the purposes of the tax credit, the deadline date of purchase occurs and the transfer of property to original owner. A limited exception to the contract for the purchase of certain acts and leasing purchases.Typically means the government sends the taxpayer a check for all or a portion of tax refunds.
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