Do you have to have a house sale finalized by Nov 30, 2009 in order to qualify for $8K tax credit?

Posted on March 1, 2010 by admin

Do I have to have a house under contract by November 30, 2009 or do you need you closing finalized by NOV 30. in order to qualify for $8K tax credit?

Must close on or before November 30 to qualify.

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5 Responses to Do you have to have a house sale finalized by Nov 30, 2009 in order to qualify for $8K tax credit?

  1. v b says:
    March 2, 2010 at 4:03 am

    The irs is using the closing date.

    A contract won’t count.
    References :

  2. ibu guru says:
    March 2, 2010 at 4:27 am

    The property purchase must CLOSE before you are eligible. No closing, no tax credit. Thousands of contracts are going belly-up, primarily because the buyer did not have adequate funds and therefore the mortgage financing went belly-up.
    References :

  3. jlf says:
    March 2, 2010 at 4:43 am

    Not just "under contract." You must CLOSE on the house (title must transfer) by 11/30/09.
    References :

  4. Quicken Loans says:
    March 2, 2010 at 5:31 am

    Must close on or before November 30 to qualify.
    References :
    https://www.quickenloans.com/home-buying/learn/why/first-time-home-buyer-home-loan-tax-credit

  5. Alterfemego says:
    March 2, 2010 at 6:07 am

    Just to be safe, yes I would. But frankly I think they will extend this program.
    References :