MikeJaquish » 1st time buyers http://blog.mikejaquish.com Real Estate Blog: Cary, Raleigh, Wake County and Beyond! Mon, 16 Jan 2012 16:43:23 +0000 en hourly 1 http://wordpress.org/?v=3.1.3 First Time Homebuyers Tax Credit Expanded for 2010 http://blog.mikejaquish.com/2009/11/19/first-time-homebuyers-tax-credit-expanded-for-2010/?utm_source=rss&utm_medium=rss&utm_campaign=first-time-homebuyers-tax-credit-expanded-for-2010 http://blog.mikejaquish.com/2009/11/19/first-time-homebuyers-tax-credit-expanded-for-2010/#comments Thu, 19 Nov 2009 15:10:54 +0000 MikeJaquish http://blog.mikejaquish.com/2009/11/19/first-time-homebuyers-tax-credit-expanded-for-2010/ It is a little confusing, but the first time buyers tax credit has been extended and expanded into the first half of 2010

Buyers must be under contract by April 30, 2010, and must close by June 30, 2010.  Potential buyers with credit issues now have a few months to work on their credit, and get into the arena.

I predict another rush of activity from late March to early April, 2010, and Cary, NC, closing attornies whose offices will struggle with business volume in June.  60 day closings will be common in April, 2010 contracts.

 More on the credit:

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