Patricia Paul Properties

Patricia Paul Properties

Commentary on Tucson Area Real Estate, Home Ownership, Rental Homes, and Life around the Tucson Community
Tags >> $8,000 First-Time Home Buyer's Credit
Apr 26
2010

Last Week for Homebuyers Federal Tax Credit

Posted by Patricia Paul in $8,000 First-Time Home Buyer's Credit

The Federal Tax Credit for homebuyers is expiring very soon.   For those who intend to take advantage of this temporary credit, they must have a home they will be purchasing under contract by this Friday, April 30.    Then, they must close on the transaction by June 30, 2010.   
 
The past couple weeks I have been taking buyers out who recognize that this credit is too good to miss out on.   Though time is running out, there is still time to get a property under contract.  However, the sooner the better.   Sometimes when presenting an offer on a property  it might take at least a couple days to hear back from a seller, particularly if they reside out of state.  If the offer includes a counter offer from the seller, that will take even longer to come to resolution.   
 
If I can help you at the last minute, I am willing to make myself available.  Please call if you want assistance purchasing a property in time to qualify for the tax credit.  I can also help those who are on a more leisurely purchasing timeline. 

Patricia Paul, GRI ** www.PatriciaPaulProperties.com ** (520) 548-2078 
   

Apr 19
2010

Homebuyers Tax Credit Expires Soon!

Posted by Patricia Paul in $8,000 First-Time Home Buyer's Credit

There are only two weeks left to select a property to purchase and get it under contract if you want to get in on the federal tax credit for homebuyers.  The home must be under contract by April 30, 2010, and must close escrow by June 30, 2010.  First-time new home buyers may qualify for a tax credit of up to $8,000.  Existing homeowners may qualify for up to $6,500.  
 
If you'd like more information about this federal tax credit, please write or call me today.  Time is running out, and if you've been considering purchasing a home, it would be a shame not to take advantage of this free money.  Also great news:  Interest rates remain nice and low.  Now's the perfect time to buy!
 
Patricia Paul, GRI ** www.PatriciaPaulProperties.com ** (520) 548-2078


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