Consumer Action :: A timeline for home buyers who want the tax credit

Keep the Information Flowing

Small contributions go a long way. Your donation to Consumer Action, a 501 (c)(3) nonprofit, nonpartisan organization, can help us cover the cost of research, writing, and translation of our materials. To keep our services free for those who need them. Select an amount to give.

Released: March 03, 2010

A timeline for home buyers who want the tax credit

Source: Jamie Smith Hopkins, Baltimore Sun (Free Registration)

Intending to snag the $8,000 tax credit for first-time buyers or the $6,500 credit for repeat buyers? If you haven’t done anything except think about what you’d do with the dough, Realtor.com—run by the National Association of Realtors—suggests you get a move on.

You have through April 30 to sign a binding contract and can wait until June 30 to close the deal. But that’s less than two months left to get pre-qualified for a mortgage and find a good place.

Read Full Article: A timeline for home buyers who want the tax credit