First time home buyers may have more time on tax credit.

First Time Home buyer Tax Credit:
Their has been some changes with when a deal must close by to receive the tax credit for first time home buyers. First time home buyers in Seattle and across the nation are writing up deals before the Nov. 30th deadline to take advantage of the first time home buyer tax credit. First time home buyers having to close before this deadline may run into issues if they are dealing with a short sale or bank owned home. The pressure may be temporarily taken off for first time home buyers looking to buy a home. According to the Kiplinger Tax Letter Vol. 84, No 20, kiplingertax.com, "The credit will be extended for a few months, and Lawmakers will clarify that first time purchasers don't have to complete the sale by the expiration date to get the tax credit. They need only sign a contract. The odds are low that Congress will expand the credit to folks who aren't first time home buyers, or increase the credit limit to $15,000." It is always best to seek advice from an attorney or a CPA in regards to your questions regarding this tax credit. To search homes for sale in the Seattle, Bellevue, and other areas please visit: http://tinyurl.com/ykcltv6 www.FreeForeclosedHomeTours.com or alexmontros.yourkwagent.com