That's a great question. I am not a tax adviser nor an accountant but I just read an overview of the changes to the First-Time Homebuyer Tax Credit. It states that the tax credit can be used in the year of the purchase -- meaning the 2009 tax year. It is best to ask a tax specialist or an accountant for concrete answers on the logistics of this plan.
Feel free to contact me directly if I can help you in any other way with your Asheville Home Purchase.
Broker/Consultant w/Keller Williams Professionals