On April 30, the $8k federal tax credit to first-time homebuyers comes to an end. But to clear up a misconception, it’s too late to receive the tax credit. The key point:
“A tax credit of up to $8,000 is available for first-time home buyers purchasing on or after Jan. 1, 2009, and on or before April 30, 2010. In cases where a binding sales contract is signed by April 30, 2010, a home purchase completed by June 30, 2010 will qualify.”
When the homebuying tax credit was extended last year, the National Association of Home Builders released a helpful video, detailing who qualifies for the tax credit and what types of homes qualify.
Now that you have all the info, the ball is in your court! It’s already a wonderful time to buy, and the tax credit is the icing on the cake. To see what your new home in the heart of Chicago could look like, visit Save at Heritage Homes today!
Homebuyer tax credit expires April 30 [thetowntalk.com]
[...] highlight why now is a great time to buy. Savings of over $100K, mortgage rates holding steady, the soon-to-expire tax credit, and still-low housing [...]