Real Estate $8000 Tax Credit

Real Estate Tax Credit Extended:

The real estate tax credit is about to expire for almost all existing and new homeowners.  Home buyers that had an executed purchase agreement before April 30, 2010 that closes before June 30, 2010 are eligible.

The real estate Tax Credit of $8000 for first time home buyers and $6500 for existing homeowners has been extended for military, intelligence and foreign service members who have had at least 90 days of active service outside the country between January 1, 2009 and April 30, 2010.

If you qualify for this extension, you must have an executed contract by April 30, 2011 and close by June 30, 2011.  The recapture of this credit is also waived if you are relocated prior to the normal 3 year period.

Interested parties can purchase any type of home they qualify for, including regular home sales, short sales, REO homes and Foreclosure or bank owned homes.

Please contact us today and we can help you navigate the tricky waters of buying a home!