| Due to a continuously increasing stock and a | | | | buyers signing contracts. Before the initial expiration |
| languishing housing market, there are a large number | | | | of the program, home buyers were in a mad rush to |
| of homes on the market, which is a good thing for | | | | sign contracts on homes before the tax credit |
| anyone who is looking to take advantage of the | | | | ended; only time will tell if the same will happen for |
| home buyers' credit before it expires. The home | | | | the April 30th expiration as well. |
| buyers' credit was extended last November after it | | | | Time is definitely of the essence when you are |
| helped to stimulate numerous home sales across the | | | | looking to buy a home on such short notice like this, |
| nation by buyers eager to take advantage of the | | | | but make sure that you do not skimp on things like |
| savings the program provides. | | | | inspections unless you do not mind an unpleasant |
| To obtain the tax credit for buying a new home, | | | | surprise or two when you experience your first |
| there are a few steps that you need to be aware | | | | heavy rainfall in your new home. |
| of; you must have a binding contract by April 30th, | | | | While there is certainly a benefit to having the luxury |
| 2010 and you must complete your closing sixty days | | | | of time to research homes for sale in your area |
| after the contract date. New buyers can get a return | | | | more thoroughly, it is quite possible to take |
| of 10% of their purchase price up to $8,000 and | | | | advantage of this offer even with time running out |
| buyers who have lived in their previous home can get | | | | on this government program. Make sure that you let |
| a return of 10% of the purchase price up to $6,500. | | | | your realtor know that you are going after the |
| While the home buyers' credit extension has not | | | | buyers' tax credit so that they can guide you |
| supported home buying across the nation to the | | | | appropriately. A sale that does not have a time limit |
| extent that the government hoped it would, there is | | | | requires a different buying strategy than one where |
| hope that these last weeks before the expiration of | | | | you need to have a contract in place by a particular |
| the program prove to drive up the numbers of home | | | | upcoming date. |