Only 49 days left to search, locate and obtain an accepted offer on a home, before the tax credit deadline!
Some key items to remember:
Deadline: Buyer must have a written binding contract to purchase in effect by April 30, 2010 and closing must happen before July 1, 2010.
Eligibility: First time home buyer may not have had an interest in a principal residence for 3 years prior to purchase. Current homeowner must have used the home sold or being sold as a principal residence consecutively for 5 of the previous 8 years.
Tax credit: up to $8000. for first time home buyer up to $6500. for current homeowner.
For more information on the tax credit, please consult your tax preparer.
If we can be of any assistance please do not hesitate to call or email me at:
252.626.4723 email: Gina@DonnaandCompany.com
Friday, March 12, 2010
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