For most, if you're looking to cash in on the tax credit you must be under contract by April 30th and close by June 30th. With all the short sales on the market you may think that you're already out of time. Not true!
Currently, there are 5,284 homes for sale in the Tampa Bay area which are not short sales. These are either regular or bank owned properties which can still go under contract and close in time for the tax credit. Out of those homes 2,283 are under $200,000.
Previously I mentioned that for "most" time is running out. There are special rules for members of the military, foreign service and the intelligence community. The tax credit has been extended for qualified services members until April 30, 2011. For more information please visit http://www.federalhousingtaxcredit.com/service_mem.php.
If you would like to find out which homes are available in your area call me at (813) 317-4300 or send me an email at Homes@LyndieHouse.com.
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