| Take advantage of $8K tax credit before it’s gone |
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Time is winding down to take advantage of the $8K first-time home buyer tax credit. If you’re looking to buying your first home, you must be signed, sealed and delivered with escrow closed by November 30th! It generally takes 45-60 days to close a transaction, and if you are considering a short sale, the process will take even longer. So get to it!
Find everything you need to know on Trulia Voices – from the basic requirements to how it works. |
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Basics on $8K tax credit: Who, what, expiration? |
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4 Months Left to Get $8K Home Buyer Tax Credit
Written by Dream Town Realty, Broker in Chicago, IL
The $8,000 first-time buyer tax credit program ends in just four short months. That means buyers need to be CLOSED on their homes by NOVEMBER 30th in order to receive the tax break. What is the home buyer tax credit? It is a tax refund for 10% of… |
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What do you think - should the credit be extended? |
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Q: Should the $8,000 federal tax credit be extended?
Asked by Heather Fernandez, Home Buyer in San Francisco, CA
There is currently a lot of political bickering about whether or not the tax credit should be extended beyond the current Nov 30 deadline, if it should be granted to all home buyers (not just first-timers) and if the amount of the credit should be increased. What do you think? |
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See what others are saying about the $8K tax credit.
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| House of the week | Celebrity mansion in Sherborn, MA? |
$7,900,000 / 5bd / 6ba / 9,562 sqft
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A long private driveway adds a bit of suspense to this home. Rumored to be a potential celebrity mansion – this nouvelle arts home is loaded with extensive detailing and the highest quality craftsmanship. When not busy entertaining guests in the billiard room, enjoy some quality self reflection in the meditation room or while looking at your view of the Farm Pond. Did we mention the detached guest house?
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| Advice & opinions | Get insightful, fast, FREE advice on home buying & selling |
Question of the week
Q: Short sale dilemma… who can help?
I’m looking for a good Samaritan who is willing to offer me some free advice on how to proceed on a short sale issue…
Asked by Jack, Home Buyer in Elk Grove, CA
Read more or reply » |
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