Only 48 days before the 1st time home buyers tax credit expires

The widely popular tax credit is about to expire and this time I think its final, there hasn’t been a peep of talk about another extension in the news. All buyers should have sales contracts completed by April 30th, meaning that if you are at all considering buying a home to take advantage of the up to $8000 Federal Tax Credit you must be sure to have a fully executed purchase agreement in place by this date to qualify for the credit (You have until June 1st to close). Currently we have not been told of any exceptions or loop holes, so don’t delay, contact your Real Estate agent today!


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