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Cooper W. Ford
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COOPER FORD
PORTRAIT OF A REAL ESTATE ... show more
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Cooper W. Ford answered:
Hi Sanjay,
I would put your home on the market and attempt to do what is known as a "coinciding sale", meaning that you sell your home and purchase another at the same time. Since March 2010 would be the timing, I would look to put your home on the market and have your agent disclose to potential buyers that closing must be after March 2010. Even though you have until April 30 for a contract, you will have two months after to close, which really gives you three months total.
It sounds like you'll potentially just make it for this to happen. There are also certain limitations that you should be aware of as well. Visit http://www.jerseycoop.com for more information on the credit. If you need further advice, Hy Appelbaum is a CPA who contributes to my blog and will be able to guide you properly in terms of the tax credit.
If you need any help in listing your home, please don't hesitate to call me.
All the best,
Cooper
I would put your home on the market and attempt to do what is known as a "coinciding sale", meaning that you sell your home and purchase another at the same time. Since March 2010 would be the timing, I would look to put your home on the market and have your agent disclose to potential buyers that closing must be after March 2010. Even though you have until April 30 for a contract, you will have two months after to close, which really gives you three months total.
It sounds like you'll potentially just make it for this to happen. There are also certain limitations that you should be aware of as well. Visit http://www.jerseycoop.com for more information on the credit. If you need further advice, Hy Appelbaum is a CPA who contributes to my blog and will be able to guide you properly in terms of the tax credit.
If you need any help in listing your home, please don't hesitate to call me.
All the best,
Cooper
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