Should You Buy a House for Just an $8,000 Tax-Credit?

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Your agent, friend or others might be telling you to hurry up and purchase your home to take advantage of the $8,000 tax credit expiring soon. In fact, home buyers MUST have a binding contract in place by April 30, 2010 and the sale MUST close by June 30, 2010. Nonetheless, just thinking of the $8,000 and not taking into consideration other factors is imprudent and risky.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Doron Eghbali, Law Advocate Group, LLP | Attorney Advertising

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