is the 8,000$ credit still available ?

Asked by Ameya, Des Plaines, IL Tue Jun 8, 2010

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, ,
Wed Jun 9, 2010
Hi Ameya,

No but Congressman Ron Paul is pushing to make the tax credit permanent and to make the credit available to people whose homes have been destroyed by a natural disaster, such as a hurricane. The legislation also makes a number of changes to existing tax credits in order to enhance their usefulness to victims of natural disasters.

You can read more about by going here: http://www.house.gov/apps/list/speech/tx14_paul/HTCEEAct.shtml
0 votes
Amy Foote, Agent, Carpentersville, IL
Tue Jun 8, 2010
Ameya,

As you've seen, the government's First Time Homebuyer Tax Credit has expired. But...consider this. If you have a good agent, they could negotiate for you an closing cost credit that will help you purchase a home. In the current lending environment, you can't walk away from a closing with cash in hand, but a closing cost credit can sure help out!

If you'd like to talk more about this, feel free to call me at 847-602-9979.

Thanks,

Amy
Web Reference:  http://www.footeteam.com
0 votes
Alan May, Agent, Evanston, IL
Tue Jun 8, 2010
The $8,000 tax credit for first-time home buyers and the $6,500 tax credit for repeat home buyers have expired.

(However, service members who were on official extended duty outside of the United States for at least 90 days between Jan.1, 2009 and May 1, 2010, may qualify for a one-year extension.)
0 votes
Don Tepper, Agent, Burke, VA
Tue Jun 8, 2010
No.

But, as Patrick says, there are still plenty of good deals.

Hope that helps.
0 votes
Patrick Thies, Agent, Anytown, IL
Tue Jun 8, 2010
Unfortunately no. You had to have been under contract by April 30, 2010 and close by June 30, 2010.

Even without the credit, there are some great deals out there.
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