Did you know that certain members of the U.S. military, foreign service, and intelligence communities have an extra year to claim the homebuyers tax credit. Yep, as long as the qualified service member has been on extended duty outside of the United States for 90 days or more (between Jan. 1, 2009 and April 30, 2010), he or she has until April 30, 2011 to sign a sales contract and until June 30, 2011 to close on the property.
This is great news for both our military members, foreign service and intelligence members to secure an additional $8,000 in federal tax credit monies to help buy a new home. It is also great news for the housing market. While the housing market has shown strong numbers in April sales, it is anyone’s guess as to what will happen in the next few months.
If you have been deployed or stationed overseas and are interested in buying a home for the first time or are move-up buyers, call me for more information. I can help 703.638.2988
