First Time Buyer And Repeat Home Buyer Tax Credit

   In the latest incarnation of “home buyer tax credit”, repeat home buyers are included as a potentially eligible home buyer.  Of course there’s still other conditions that must be met, not the least of which is having owned and lived in the home you sell for 5 years. 

   For some frequently asked questions and answers plus an overview of some key points, check out Home Buyer Federal Housing Tax Credit  which has updated information on the extended/revised home buyer tax credit.

   The new deadline involves having a binding sales purchase contract by April 30, 2010 and closing by June 30, 2010. 

   For qualified home buyers this tax credit is still simply a one time, momentary benefit and it’s NOT a reason to buy a home.  For my thoughts on why any tax credit is not a valid reason to buy a home at all or to buy a home right now – I Won’t Be A Cheerleader For The Home Buyer Tax Credit

   At the end of the day, any house you do decide to buy should be a place you’ll LOVE calling home and one that meets your needs.  Whether you buy a home during this tax credit window or not, there will be available Charlotte NC homes for sale to consider and evaluate.

 To set up a consultation (via phone or in person), for any questions you may have about buying or selling a home in Charlotte NC and how current real estate market conditions may relate to you, contact us.

Copyright©2009 by Diane McDermott, All Rights Reserved, “First Time Buyer And Repeat Home Buyer Tax Credit”

About dianemcdermott

Diane is deeply passionate about serving single and divorced women home buyers, first time home buyers and new to the area buyers navigate the Charlotte area home buying process. Having navigated separation and divorce she has immense respect for the stress of transition and need for a home living situation that supports and nurtures. She connects and guides clients as they navigate the home buying process, transitioning to a space they'll love calling home. McDermott Real Estate
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