Time is running out for buyers to take advantage of the Tax Credit. However you do have until July 1, 2010 to close on your home -- you only need a binding contract by April 30th. But don't wait too long -- you probably still have time to negogiate on a foreclosure but short sales (unless they are approved short sales) may be out of the question at this time.
Just to sum up again what the tax credit is: First time homebuyers receive $8000 -- this is money in your pocket -- not just a deduction. Some income limits apply so call or email if you need more detail. For move-up buyers the tax credit is $6500. You must have resided in your home for 3 out of the last 5 years to be able to qualify for this -- and of course income limits apply here also. The income limits are very generous but again call or email for more details. So -- if you have not started your search you need to get going!! Call or email and I will send all the homes that meet your needs today!!