First Time Home Buyers - HURRY! The Tax Credit is about to Expire
By Susan Goulding, Northern CA - Tracy & Mountain House Real Estate
(Crown Key Realty, Inc; Tracy & Mountain House Sales and Property Management)
There are so many exciting changes that have happened for first time home buyers. First the FHA relaxed the flipping rule. If you were an FHA First Time Home Buyer you could not purchase a property that had been sold within the past 90 days. Guess what, now you can. There are some rules, however, this is a great opportunity for first time home buyers. (We'll talk about those rules in the next post.) The First Time Home Buyer TAX CREDIT. You must be in contract by April 30th, 2010 for your primary residence. Your home must close escrow by June 30, 2010. You can read all the rules on the IRS web site by clicking on the First Time Home Buyer link. You, the first time home buyer, have been waiting for the right time to buy your FIRST HOME. The time might be right, interest rates are low...
Comments
3