Today is the day the Federal Tax Credit will expire. As the day ends we are squeezing in as many purchase agreements as possible (With Safety clauses of course) to take advantage of the $6,500.00 & $8,000.00 credit. It is safe to say that this tax credit will not be renewed as many would be buyers have been asking and hoping for.
If your new into the buying process, Unless you can get an offer accepted with todays date; close before the timeline stipulates then you can come out even more on top if your a first time homebuyer by taking the Fed tax credit and the new $,10,000.00 Arnie Swartz state tax credit for a total of 18k!
Hopefully the expiration of the Fed Tax Credit will not affect home prices or the incentive to buy a home.
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