The first time homebuyer tax credit has officially come and gone.
The deadline was April 30th. The tax credit gave Americans the chance to get money back when buying a home.
Single first time buyers who had a yearly income of less than $125,000 were eligible for up to an $8,000 tax credit, with repeat buyers being eligible for up to $6,500. Single buyers with incomes between $125,000 and $145,000 were eligible for a partial tax credit. Married couples who made less than $225,000 were eligible for the full $8,000, while couples who made between $225,000 and $245,000 were eligible for a portion of that credit.
In an article published in Baltimore Sun on the day of the deadline, Jamie Smith Hopkins chronicled the last second rush to buy a home before the offer expired.
“Despite all her efforts to buy a home earlier, Nicole L. Payne found herself looking at properties Friday with a heck of a deadline looming,” Hopkins lead off with. “If she could get a home under contract by the end of the day, the federal government would send her $8,000. Later — nothing.”
Read Hopkins’ entire article and find out what happened with Nicole Payne’s home search here.
Remember, even though the tax credit deadline has come and gone, CondoDomain Baltimore offers cash back commission refund checks to all its customers.
That’s right, with CondoDomain, you receive a cash back refund check whenever you buy a home!