Posted on: 28th Sep, 2009 07:15 pm
Selling home on contract. Wondering if contract should be written in a specific manner to allow buyer the ability to qualify for the first time homebuyer taxcredit.
Hi Guest!
Welcome to forums!
You can contact an attorney and get the agreement drafted from him. He will draft the agreement in such a way that the that the buyer would receive the first time homebuyer's tax credit. Also, make sure that the deal is closed before the end of the Tax Credit period.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
You can contact an attorney and get the agreement drafted from him. He will draft the agreement in such a way that the that the buyer would receive the first time homebuyer's tax credit. Also, make sure that the deal is closed before the end of the Tax Credit period.
Feel free to ask if you've further queries.
Sussane
the tax credit applies to a first time homebuyer. whether financed by a bank, a mortgage company, a private individual or paid for in cash, it is the purchase of a home that will qualify a person. i doubt that any particular language is needed. all a person has to do is to document the purchase of a home.
