Tax Credit Expiration

Only just over a week remains for buyers to take advantage of the federal government’s latest tax credit program. This “Extended Tax Credit” allows qualifying first-time and some previous homeowners to receive either up to $8,000 or $6,500 respectively. The expiration of this credit comes in two phases with buyers having to be under contract by April 30, 2010 and to close on the property by June 30, 2010. Therefore, only a limited time remains for interested buyers to take advantage of this extra incentive from the government.

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