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Article: Builders see tight window on tax credit.(Real Estate)
- Article from:
- Daily Herald (Arlington Heights, IL)
- Article date:
- May 17, 2009
- Author:
CopyrightCOPYRIGHT 2009 Paddock Publications. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Jean Murphy Daily Herald Correspondent
isten up, first-time homebuyers and those who have not owned a home for the past three years; the federal government is offering you the chance of a lifetime, but you have to get busy or risk missing your chance.
If you buy a new or existing house and close on it on or before Nov. 30, you can get a federal income tax credit of up to $8,000 that you never have to repay.
Nov. 30 is still six months away so you have some time to shop and think about it if you want to buy an existing home, or hope to find an immediate-occupancy home at a new-home community.
But be aware that if you want to ...