Comments on: The Home Stretch: 50 Days Left to Claim the Home Buyer Tax Credit — And Seven Ways to Make Sure You Meet Your Deadlines

By: Joseph Rand

Joseph Rand — Sat, 15 May 2010 14:16:21 +0000

Hi @Mauricio, I doubt the IRS is going to be making spot visits to check that you’re moved in. A month delay should not be a problem, so long as your tax return next year indicates that the home is your place of residence.

By: mauricio

mauricio — Mon, 26 Apr 2010 21:00:52 +0000

Can I close by the deadline but not take possession of the house until Aug. 1. Sellers want to stay until Aug 1

By: Joseph Rand

Joseph Rand — Fri, 19 Mar 2010 00:18:22 +0000

Hi @Robert, thanks for posting. New construction homes are treated the same as resale homes – you need to be in contract by April 30 and closed by June 30. The only complication is that if you are actually building the home yourself, not buying from a developer, then you need to be moved in by June 30th, with legal occupancy.

By: robert rowland

robert rowland — Tue, 16 Mar 2010 15:30:00 +0000

i am building a home what are the stipulations for new construction homes

By: Jean Tickell

Jean Tickell — Fri, 12 Mar 2010 20:39:31 +0000

This information is great! I don’t think that all buyers realize that signing a contract by April 30 is not enough. It is a difficult task to close in 60 days in this market.