Coldwell Banker offers its own discounts as federal tax credit expires

April 28, 2010 11:38AM

While the two primary federal homebuyer tax credits will expire at the
end of the week, Coldwell Banker is trying to keep sales moving by
offering a credit of its own. Participating home sellers will give
buyers 3 percent credits, up to $8,000, the same amount as the
higher of the two federal tax credits, for contracts signed by July 31.
The buyers will receive the three percent refunds at closing, and there
is no deadline for completing the transactions. Under the expiring
federal rules, first-time homebuyers can, with some conditions, get up to $8,000 in credits
on their taxes if they sign a contract by April 30 and close by June
30. Those wishing to buy new primary residences can receive $6,500. [Sun Sentinel]


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