Timeline for the Homebuyer Tax Credit

Deadline CountdownTime is running short for taking advantage of the tax credit. What you need to do now, by mid-March, and April.

There are two homebuyer federal tax credits: the first time homebuyer credit up to $8000, and the move up credit of $6500. Both of these come with specific deadlines you need to know.

To collect either credit you will have to have a home under contract by April 30. There is another deadline: The home has to close by June 30th.

What should you be doing right now?  Check out a timeline that can put you on track for a new home and the tax credit …

“If you want to collect the tax credit don’t wait until the last half of April to begin looking for a house. Yes, it’s possible you could do it all in a couple of weeks: find a house that you like, negotiate a price and secure mortgage financing.  Possible … but not probable.”

View the timeline and article from Bankrate.com and what to do by mid-March

Link to the IRS for more details

If you are looking for either St. Louis real estate or St. Charles real estate call Finding Homes for You at 636-386-0659.  We work for you, the Buyer only to protect your interests throughout the homebuying process. If you need a lender we can provide you with local names.

About Mark Richert

Mark Richert is a Real Estate Broker who works for buyers only. He and his wife Alexis founded Finding Homes for You in 2004. Mark and his team help home buyers in St.Louis and surrounding areas. When not involved in Real Estate he is checking out new apps and bringing new tech goodies to his clients.

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