April 2010

There are 3 blog entries for April 2010.

TAX CREDIT EXTENSION DETAILS

  

For more information about the Homebuyer Tax Credit extension please visit this page for additional details and materials

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 The deadline is fast approaching. If you're in the market for a new home and are hoping to take advantage of the tax credit, here's what you need to know:

 

1. To qualify, first-time and repeat buyers must enter into a written binding contract by April 30, 2010 and close by June 30, 2010.

 

2. You qualify as a first-time homebuyer if you (and your spouse, if married) have not owned a primary residence for a 3-year period before your purchase, and you have never taken advantage of the DC first-time homebuyer credit.

 

3. Buyers qualify for the repeat buyer credit if they have lived in their primary residence for five consecutive years of the past eight years. A primary residence is generally regarded as the residence where an individual spends most

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