First-Time Homebuyers MUST be under contract no later than April 30,2010 to be eligible for the $8000 federal tax credit. My recommendation is to find a home within the next few weeks and be under contract by late-March. This will allow some time to recover in case the purchase falls through at time of inspection.The same holds true for existing homeowners and the $6500 tax credit. To learn more about the specifics of the tax credit program, see my earlier post.
