Is the $8000 tax credit still in effect?

Asked by Josh, Addis, LA Tue Feb 9, 2010

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Dianne Hicks’ answer
Dianne Hicks, Agent, Rancho Bernardo, CA
Tue Feb 9, 2010
Josh
Yes, it is.I I wrote a blog and there is a link with all detail relating to qualifying, terms and conditions. Here it is in case you are interested.
http://www.trulia.com/blog/dianne_hicks/2009/12/8000_dollar_…

Good Luck!
0 votes
Anna M Brocco, Agent, Williston Park, NY
Tue Feb 9, 2010
Speak to your tax consultant--Legislation extends the First-Time Home Buyer Tax Credit of up to $8,000 to first-time home buyers until April 30, 2010; contracts must be executed before May 1, 2010 and must close before the end of June 2010. Annual income limits raised from $75,000 to $125,000 for singles and from $150,000 to $225,000 for married couples; must be for a primary residence—check IRS Code for qualifying conditions.
0 votes
Hilary Backl…, Agent, Oro Valley, AZ
Tue Feb 9, 2010
Hi Josh,

You can find out more on the federal housing tax credits at the link below. There is still time to take advantage of this opportunity. If you need help finding a good REALTOR in your area, that can get you out looking at soem places please let me know and I can put you in touch with a great agent in your area!
0 votes
Robert Pratt, Agent, Chicago, IL
Tue Feb 9, 2010
Yes you must have an offer accepted by April 30th and close no later
than June 30th. At this point you can almost certainly rule out short
sales from the equation (if that was a consideration). You should still
have time for conventional and foreclosed purchases if you hurry. Good
luck
Web Reference:  http://www.dreamtown.com
0 votes
Pat & Steve…, Agent, Westlake, OH
Tue Feb 9, 2010
Yes, it is. But, a Buyer has to have a purchase agreement in place no later than April 30, 2010 AND the purchase has to be complete no later than June 30, 2010 (meaning the Buyer must own the home by June 30, 2010). Josh, start looking for a home now to make sure you start "shopping" now, as you need to find a home you like soon, so you have plenty of time to make the April 30, 2010 deadline. You need a Buyer's Agent to assist you. The Buyer's Agent assists you in your home search & will look out for your best interests, but the commision is paid by the Seller. So, the assistance of a Buyer's Agent is at no charge to you.
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