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Only 50 days left – the 1st time home buyers tax credit will expire

March 11th, 2010 · No Comments · fha mortgages and first time home buyers, first time home buyers, macomb county mi real estate market, Tax credit for first time home buyers in Macomb County MI, tips for home sellers

Last year when the first time home buyers tax credit was close to expiring we heard talk about it being continued.  And it was.  This time around however there isn’t even a whisper of that happening.

Please, if you are at all considering buying a home to take advantage of the up to $8000 in Federal money get your ducks in a row. As of today there are only 50 days left to have a fully executed purchase agreement in place to qualify for the credit.

What is a fully executed purchase agreement? One in which you (the buyers) and the sellers have fully agreed upon price & conditions and both parties have signed & dated.   In order to qualify for the tax credit this must be done by April 30th of this year.  (You have until June 30th to close on the home.)

One more thing: Don’t ask your real estate agent, the sellers agent and the seller to backdate a purchase agreement for you.  It’s fraud. We won’t be a party to it.

~Kris Wales~  A partner for you real estate needs in Macomb County MI      Search Macomb County homes for sale

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Important copyright information: All photos were taken by Kris Wales. Do not copy and use photos for your own use, whether it be for personal or commercial purpose. All articles were written by Kris Wales. Once again, do not copy and use for your own purposes. Important disclaimer: Views expressed on the blog by the author and commenters do not express the views of Keller Williams Realty. All information contained is deemed to be reliable at the time of posting but not guaranteed.