I'm curious about the first time home buyer's credit.

Ian Jones
Home Buyer
Salem, VA

Does the deal have to be signed before Nov 30, does it have to close before Nov 30? Can someone shed some light on this matter for me?

Answers (3)
Sherrie Hartzell
Agent
Stafford, VA

Hello. The best source for this information is the IRS website link included to assist you at: http://www.irs.gov/newsroom/article/0,,id=204671,00.html .

For further clarification from a specialist, call the IRS. The IRS call center staff has always been helpful and one of their phone numbers for individuals is 1-800-829-1040 with hours listed on their website from Monday – Friday, 7:00 a.m. – 10:00 p.m. your local time (Alaska & Hawaii follow Pacific Time).

Other contact numbers listed below from their website include:

Telephone Assistance for Businesses: Toll-Free, 1-800-829-4933 Hours of Operation: Monday – Friday, 7:00 a.m. – 10:00 p.m. your local time (Alaska & Hawaii follow Pacific Time).

Telephone Assistance for Exempt Organizations, Retirement Plan Administrators, and Government Entities: Toll-Free, 1-877-829-5500 Hours of Operation: Monday – Friday, 7:00 a.m. to 5:30 p.m. Central Time.

Telephone Assistance for people with hearing impairments: Toll-Free 1-800-829-4059 (TDD) Hours of Operation: Monday – Friday, 7:00 a.m. – 10:00 p.m. your local time (Alaska & Hawaii follow Pacific Time). For further information, see Tax Topic 102.

Telephone Assistance for Individuals who believe they may be a victim of Identify Theft: No Tax Administration Impact - Did not receive a notice from the IRS. Toll-Free 1-800-908-4490 (Automated and live assistance) Hours of Operation: Monday – Friday, 8:00 a.m. – 8:00 p.m. your local time (Alaska & Hawaii follow Pacific Time). For additional information, refer to our Identity Theft and Your Tax Records page.

Telephone Assistance for people who live outside the United States Hours of availability vary by location. Please see our International Services page.

Face-to-Face Assistance In certain areas, IRS also has local offices you may visit to receive assistance.

Wishing you the best with your home search.

Regards,

Sherrie Hartzell Cell/text: 540-903-0212
Licensed salesperson in Virginia with Keller Williams Preferred Realty-Stafford, VA

Wed Oct 7 2009, 06:20
Chris Capps
Agent
Chesterfield, VA

Yes.

If you do not already have one I highly recommend you contact a Realtor to partner with and create a buying strategy and narrow your search which will save you time and money.

Tax Credit info: http://www.federalhousingtaxcredit.com/2009/index.html

I have contacts in that area, please let me know if you would like names.

Sincerely,

Chris Capps, Realtor
Residential Real Estate Specialist

cell 804.896.6945
office 804.740.1644 ext. 103
fax 804.545.7224
email chriscapps@oakstoneproperties.com
web http://www.chriscapps.com

“It's Time to Expect More From Your Realtor®”

Licensed in Virginia, with contacts across the country

Tue Oct 6 2009, 18:15
Anita Crum
Broker
Newport News, VA
FIRST ANSWER

Ian,

You must be closed (settled) on or before November 30th. Just having a ratified contract will not qualify. Please visit the IRS website for more information on the first time home buyers tax credit.

Also keep in mind that November 30th is the Monday after Thanksgiving and most settlement companies will probably close early the Wednesday before as well as the Friday after. And more than likely that Monday and Tuesday will be incredibly crazy busy for them.

Good luck on your house hunting!

Tue Oct 6 2009, 14:59

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