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Is the Home Buyer Tax Credit Extended?

Is the Home Buyer Tax Credit Extended?  No.  The Senate approved a proposal yesterday to extend the CLOSING period of the tax credit from the current June 30th to September 30th.  If you weren’t eligible for the credit …

Life After Tax Credit

The Homebuyer Tax Credit died quietly and lonely on Friday April 30th at the stroke of midnight.  There were no attempts at resuscitation and even previous supporters agreed that the Credit had served its purpose and that it …

Home Buyer Tax Credit By The Numbers

The Home Buyer Tax Credit expires tomorrow: $8000- amount that qualified first time home buyers are eligible for $6500- amount that qualified repeat home buyers are eligible for $7500- amount that first time buyers were eligible for in …

Now Would Be a Good Time to Let the Buyer Tax Credit Die

A Realtor advocating the end of the Home Buyer Tax Credit?  In some ways, yes.  Don’t get me wrong, the Credit has helped our industry without a doubt but we all know it is not something that is …

Home Buyer Tax Credit Time Lines

There is no sign that the $8000 First Time Home Buyer Tax Credit or the $6500 Tax Credit are going to be extended.  If you want to take advantage of either you must have an accepted offer by …

Short Sales and the Home Buyer Tax Credit

June 30th, 2010 is 93 days away (8,035,200 seconds for fans of Rent).  Lack of indicators, to the contrary, make us believe that you have until then to close any contract that allows you to take advantage of …

Five Weeks Left for Home Buyer Tax Credit

On November 7th, 2009 the First Time Home Buyer Credit was extended and expanded to provide a $6500 credit to existing homeowners that qualify under a set of rules. The Credit was set to expire November 30th. It …

Military Personnel and The Home Buyer Tax Credit

It’s not news that the home buyer tax credit is set to expire on April 30th. In order to take advantage of the $8000 First Time Buyer credit or the $6500 credit, you must have an accepted offer …

Obama Stimulus Package Fixes $7500 Tax “Credit”

According to the email just sent out by NAR President Charles McMillian, the approved Obama Stimulus package fixes what the government was calling a credit but was really a loan.  It also says that the credit, now a …