I had a teacher in high school, Mr. Smith, who had a saying that’s stuck with me. I remember little from his government and US history class but this phrase:
Porkchop porkchop greasy greasy, man that test was easy easy!
Why do I remember that? Who knows. But it was the first thing I thought of when I found the form first-time buyers need to recoup their tax credit in 2009. Finally, something government-related is easy – Mr. Smith would be so proud.
The first-time buyer credit is set to expire a month from now, assuming the White House doesn’t extend it in some way, shape or form. See that ticker on the right side of the screen? If you haven’t gone under contract on your first home by October 30th, you’re likely going to miss the expiration of the first-time buyer credit.
Plenty of people (350000, according to NAR), including many right here in the New River Valley, have taken advantage of the credit so far in 2009, and some of my clients have already reported receiving their credit. It’s pretty easy to do, so get on it.
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