Have You Taken Advantage Of The $8,000 First Time Home Buyer Tax Credit?

Here we are at the end of April!

Pollen season is in full swing in Georgia! The weather is improving. April 15th Tax Day 2010 has come and gone. The 2009 / 2010 School season will soon be a memory AND the $8,000 Tax Credit for 1st time home buyers will expire on April 30th for Binding Agreements! Have you taken advantage of the 1st time home buyer tax credit?

There is less than 2 weeks left for you to benefit from the tax credit. The clock is ticking! Interest rates are still hovering around 5%. It is not likely that the government will extend this tax credit. Current home owners are eligible for the $6500 home buyer tax credit. The only way to take advantage of the tax credit is to be under a binding written contract by April 30th and close by June 30th.

There is one notable exception to the deadline. Military families who are on a period of official leave can qualify for the tax credit for another year. Fore these homes buyers the tax credit applies to sales with a binding agreement in place on or before April 30, 2011 and closed by June 30, 2011.

Please call me to discuss your options and consider what this tax credit could mean to you and your family. I look forward to answering your many questions and assisting you throughout the home buying process when the time is right for you. Please call me anytime at 770-399-8108! I look forward to working with you to find your "ideal" home! Sara Hibbard, Better Homes and Gardens Real Estate Metro Brokers.