There are still two groups of people that can qualify for the $8,000 Federal Tax Credit. According to the IRS if you are a member of the military or certain other federal employees that have been serving outside the U.S.you have an extra year to purchase a principal residence and qualify for the tax credit. That individual must enter into a real estate contract by April 30, 2011 and close on the property by June 30, 2011.
Even with the tax credit eliminated for new buyers, there has never been a better time to purchase a home. Interest rates are at record lows. Contact me for more information.