There is a short window of time for first time buyers or repeat home buyers to take advantage of the The Worker, Homeownership, and Business Assistance Act of 2009. The tax credit now applies to sales occurring on or after January 1, 2009 and on or before April 30, 2010. Your sales contract must signed and completely executed by April 30, 2010, and home purchase completed by June 30, 2010 to qualify.The National Association of Home Builders article explains everything you need to know about the law. So, just click on the link below and see how you can save!
And should you want to participate and receive the credit there is much to do in a very short time. First you need to identify the community where you want to live, find an agent, view homes in your price range, arrange for a mortgage pre-approval letter and last, but not least,have your attorney negotiate a fully executed contract of sale. A horse race at best! There is much to do in a short time and after all this you need to close by the end of June.
So, ready set go! And good luck too.....
