First-Time Home Buyer Tax Credit: When Must You Buy To Qualify?

There’s been a lot of buzz in recent months about the first-time home buyer tax credit. I think it’s a good thing to see buyers paying attention to this form of “stimulus”, and at the same time, I worry that many buyers don’t understand how it works or when they will need to take action to be eligible.

I’ve spent a lot of time in the Boulder real estate market, and this is one of the hot topics for many new buyers. Some people don’t understand though, that this isn’t a discount on the purchase price. I want you to have the straight scoop on this tax credit.

If you’re getting ready to buy Boulder real estate, especially if you’re a first-time home buyer, I have a question for you:

Do you know when you have to purchase a home to qualify for the  2009 FIRST-TIME HOME BUYER TAX CREDIT?  In what time period must you purchase your new home?

For help with finding your new home, call or email me today! Want to weigh in on the answer to this tax credit question?

Here are five choices to pick from to answer the above question. Can you pick the right one? Hey, I made it easier by making this multiple-choice!

* Jan 15-Dec.15, 2009
* Jan.1-Dec.1, 2009
* Feb.1, 2009-Feb.1, 2010
* April 15-Dec.31, 2009
* Jan.1-Dec.31, 2009

You can find more useful information on tax credits and similar topics at the IRS website. There’s also some specific information on the first-time home buyer tax credit.

Call or email me with your answer, (or post a comment if you like and I’ll reveal the answer in a comment soon)… and if you’re thinking about buying or selling real estate in the near future, it’s even more important that you call or email me now to get the professional help you deserve.

Sellers: Don’t make the drastic mistakes that that many home sellers make! Call or email me today to learn what critical steps you need to take to assure your home sells for the right price and on time.

Zachary Epps, full-time professional Realtor® and EcoBroker® at RE/MAX Alliance Boulder

Comments

One Response to “First-Time Home Buyer Tax Credit: When Must You Buy To Qualify?”

  1. Imee on May 8th, 2009 2:43 am

    My answer is Jan. 1, 2009 – Dec. 1, 2009 🙂

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