The deadline is quickly approaching for Santa Cruz property buyers interested in receiving the $8,000 and $6,500 first and second-time homebuyer tax credit. Purchase agreements must be signed by April 30, 2010.
First and second-time home buyers have to sign their purchase agreement by April 30, 2010 and close the escrow by June 30, 2010 in order to qualify for the real estate tax credits. Home buyers will get up to an $8,000 check in the mail for first-time home buyers, $6,500 for repeat home buyers.
This is the second phase of this credit. It was extended in November 2009, but most experts agree it is not likely to be extended again.
Those who sign a purchase agreement and close on a house in time can amend their 2009 tax returns and get their tax credit now.
If you need a Santa Cruz Realtor to assist you with finding a home to take advantage of the homebuyer tax credit I can help.
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