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”

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