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March 2nd, 2010 8:18 AM by David W. Welch
The home buyer tax credit is counting down again. If you are not aware, the credit was extended and expanded by Congress to include both first time home buyers and repeat buyers. First time buyers can still qualify for a credit of up to $8,000 and repeat buyers can now get up to $6,500. Check out my page with details on qualifying by clicking above. The thing you need to know right now is that this version of the credit expires June 30, 2010, but you must have a binding contract by April 30, 2010 to qualify. That leaves just 60 days including today to find a home and negotiate a contract. You have another two months to get the deal closed. If you are considering a short sale, you may just have enough time if you are under contract right now. While 60 days sounds like a lot of time, it can go by very quickly. Don't wait to get started.
Orlando Real Estate, David Welch Real Estate Optimist