The Real Estate Wonk: Home buyer tax credit set to expire this week - Baltimore homes, apartments, real estate: Buying, selling, renting and housing news from reporter Jamie Smith Hopkins

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April 26, 2010

Home buyer tax credit set to expire this week

If you're trying to get the $8,000 first-time home buyer tax credit or the $6,500 credit for certain repeat buyers, this shouldn't be news to you: Your deadline is Friday. That's the last day you can enter into a binding contract, as the IRS puts it, and still qualify.

That's not the only thing you'll need to do to qualify, naturally. You can peruse the list on the IRS site, or read some frequently asked questions here.

I'm interested in hearing from buyers in Baltimore and 'burbs who are trying to get under contract before the credit clock runs out. (And, for that matter, anyone purposely waiting until afterward to look.) You can send me an email at jamie.smith.hopkins(at)baltsun.com.

Posted by Jamie Smith Hopkins at 9:21 AM | Permalink | Comments (1)
Categories: First-time buyer tax credit, Repeat buyer tax credit

Comments

Finally the propping up of the housing market by the government comes to an end and prices can continue their decline. And sellers thought their unjustified selling prices weren't getting offers before. Wait til this gift goes away...

Posted by: Justin | April 26, 2010 11:12 AM

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About Jamie Smith Hopkins

Jamie Smith Hopkins, a Baltimore Sun reporter since 1999, writes about the regional economy. Her reporting on the housing market has won national and local awards. Hopkins is a Columbia native and has lived in Maryland all her life, save for 10 months spent covering schools in Ames, Iowa.
She trained to become a wonk by spending large chunks of time as a geek and an insufferable know-it-all.
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