Category: Tax Credit
Thu, 03 May 2012 by Grayhawk Homes
Interest rates are at all time lows and rental rates in most communities are higher than the cost to purchase a new home in Columbus, Georgia. The idea of buying a home in recent years was out of the question for many families. A new day has come for those interested in buying a new home. Interest rates are the lowest in history and prices for new homes are the most affordable in a long time.
Wed, 30 Jun 2010 by Grayhawk Homes
WASHINGTON (Reuters) – The House of Representatives on Tuesday approved giving extra time to thousands of homebuyers trying to get a popular federal tax credit by the end of the month.
The House backed by a vote of 409-5 a measure to extend the closing deadline to September 30 for buyers who already met the April 30 deadline to have a signed contract. The current deadline requires those buyers to close the transaction by June 30 to receive the $8,000 tax credit for first-time homebuyers.
Tue, 15 Jun 2010 by Grayhawk Homes
WASHINGTON - Homebuyers may get an extra three months to finish qualifying for federal tax incentives that boosted home sales this spring.
Senate Majority Leader Harry Reid, D-Nev., said Thursday he wants to give buyers until Sept. 30 to complete their purchases and qualify for tax credits of up to $8,000. Under the current terms, buyers had until April 30 to get a signed sales contract and until June 30 to complete the sale.
The proposal would only allow people who already have signed contracts to finish at the later date. The National Association of Realtors estimates that about 180,000 homebuyers who already signed purchase agreements are likely to miss the deadline.