Time is limited to use the tax credit toward purchasing real estate on Oahu

The extended and expanded first time home buyer tax credit is meant to inspire the purchasing of homes, opening opportunities for many on Oahu as well as throughout the United States.  If you want to purchase real estate on Oahu in 2010 and are buying your first home, take advantage of the tax credit and put your home under contract before April 30.  Anyone taking advantage of the tax credit needs to put their new home under contract by April 30 and close by June 30.

The other bonus of the tax credit is that if you already own a home and have lived in it as your primary residence for at least five of the last eight years you can upgrade, or downgrade, into a new residence and utilize the credit for up to $6,500.  So, if you live on Oahu, keep these dates and facts in mind so that you can optimize your expenses toward new property in 2010.

For more information about Kapolei Real Estate please contact John Riggins, Certified Distressed Property Expert. Click here for access to the Oahu MLS and all available listings in the Kapolei area.

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