Brandon Nicely Recaps the First-Time Buyer Credit
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From Brandon:
Search Results for: first-time buyer credit
Why You Shouldn’t Wait To Use the First-Time Buyer Credit
We passed the first-time buyer credit, and it went so well we did it again, but with a twist. This time, we offered up to $8000 back to first-time buyers, as well as another $6500 for people who were “moving-up”. Again, here are the details …
How To Apply For The First-Time Buyer Credit
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:
Will They? Won’t They? The White House Offers Little on the First-Time Buyer Credit
The tax credit seems to be all the rage in the real estate world these days, and for good reason … it’s going to expire. See that ticker on the right side of your screen (if you’re on a mobile phone, apologies – you’ll just have to imagine it) – that ticker is counting down to the expiration date of the first-time buyer credit on November 30th. Any home buyer, who hasn’t owned a home in the last three years and who close on or before November 30th, is eligible for up to $8000 in tax credits. Anyone who closes AFTER November 30th gets … zero … nothing.
Will The $8000 First-Time Buyer Credit Be Extended?
As we countdown to the expiration of the $8000 first-time buyer tax credit, the question everyone seems to be asking is “are we going to see the credit again?” As I was speaking with a seller tonight, it was one of the questions he wanted to ask, and I’d bet at least once a day for the last few weeks has someone stopped me to ask whether I’ve heard that the first-time buyer tax credit will or will not be extended.
First-Time Buyer Credit Hits A Three-Letter Roadblock
I thought it was probably too good to be true.
The First-Time Buyer Credit In More Detail
By now you’ve probably heard about the first time buyer credit, also known as the American Recovery & Reinvestment Act of 2009. First-time buyer credit has a nicer ring to it, doesn’t it?
$8000 First-Time Home Buyer Credit Has An Expiration Date
That’s right, the first-time home buyer credit has an expiration date, and it’s rapidly approaching.
The First-Time Homebuyer Credit Has An Expiration Date
The following is a reprint of a letter written by Paul Mitchell, CPA (540-552-2721), and distributed by Dennis Duncan. They have graciously allowed me to reprint the letter in its entirety, and I thank them for that. The reason I wanted to post it in its present form is that it brings up an important point, and one that has not been discussed much – despite rumors to the contrary, at this point the First-Time Homebuyer Credit will expire at 11:59pm on November 30 2009. I’ve heard people recently saying that it expires at the end of the year, and that’s simply not true. Perhaps it’ll be extended, we don’t know, but if it were me I wouldn’t bet on it. So if you’re thinking about buying in 2009, and you’ve not owned a home in the last three years, than you might want to think about taking advantage of this credit. Get your preapproval, and let’s go shopping.
The Truth About The First-Time Homebuyer Credit
A few weeks ago, I had the opportunity to speak with friend of the blog Sarah Cox of The Roanoke Times about the First-Time Homebuyer Tax Credit. We wanted to clear up some of the confusion about the credit, and Sarah posted a piece in The Roanoke Times today about it (seriously, RT, can we get this section of the paper online?). Here’s a reprint (links are mine), as well as a follow-up at the end now that even more details have changed.