|
ATTENTION BUYERS!
$8,000 Tax Credit Extended to April 30, 2010! NOW Is the Time to Make Your Move.
The 2009 First Time Home Buyers Tax Credit (anyone who has not purchased a home within the last three years), which was set to expire November 30, 2009, has been extended. The tax credit has also been expanded with new changes that will further benefit qualified home buyers. Current homeowners are eligible for a $6500 tax credit if the home sold or being sold was used as a principal residence consecutively for 5 of the last 8 years.
So long as a written binding contract to purchase is in effect on April 30, 2010, the purchaser will have until July 1, 2010 to close.
In addition, income limits have been raised from $75,000 to $125,000 for single buyers. For married couples the income limit has been raised from $125,000 to $225,000.
The cost limitation on the home purchase is $800,000.
With historically low mortgage rates and still low home prices, this is a good time to make your move. In fact, there has never been a better time to buy a home. ACT NOW! Many buyers who did not take advantage of the market conditions months ago are wishing they had acted. Call me to set up a free consultation to help you explore and maximize this opportunity.
|
