Homebuyer Credit Ends Soon!

Remember: be eligible to claim the first-time homebuyer tax credit, you must purchase or enter into a binding contract to purchase a principal residence by 4/30/10. If you have a binding contract by 4/30/10, you must close on the home by 6/30/10. To qualify as a first-time homebuyer, you must not have jointly or separately owned another principal residence during the three years prior to the date of purchase. To be a long-time resident homebuyer, you must have lived in the same principal residence for any consecutive five-year period during the eight-year period ending on the date the new home is purchased.