$8000 Tax Credit For First Time Hoboken Condo Buyers Extended

After much speculation, the $8,000 tax credit for first time home buyers was extended by Congress late last week. Many Hoboken condo buyers have emailed me asking for details on the extension. Here is an overview… $8,000 Tax Credit for First Time Hoboken Home Buyer The extension is from December 1, 2009 to April 30, 2010. A home buyer must have a written binding contract to purchase by April 30,... [more]

After much speculation, the $8,000 tax credit for first time home buyers was extended by Congress late last week. Many Hoboken condo buyers have emailed me asking for details on the extension. Here is an overview… $8,000 Tax Credit for First Time Hoboken Home Buyer The extension is from December 1, 2009 to April 30, 2010. A home buyer must have a written binding contract to purchase by April 30, 2010 and the buyer would have to close by July 1, 2010. * Amount of Credit: $8,000 ($4,000 married filing separate) * Tax Credit Eligibility: May have not had interest in a primary residence for the past 3 years prior to this new purchase. To read the complete overview of the $8,000 tax credit extension, please visit my Hoboken real estate blog. http://blog.livingonthehudson.com/2009/11/10/8000-tax-credit-extended/ [less]