THIS is the best news to come across my desk today for ALL my buyers and clients alike. Please read. Let me know how I can assit you!!!!
Looks like it is being extended until April 30, 2010.
http://www.usnews.com/money/blogs/the-home-front/2009/10/29/first-time-home-buyer-tax-credit-gets-obama-nod.html
http://www.bloomberg.com/apps/news?pid=20601087&sid=aoI9KTlHpwzI
An addition to the current agreement:
Existing buyers: But perhaps the most significant change is that current homeowners would become eligible for the tax perk as well. The current credit prevents home buyers who have owned a primary residence within the past three years from claiming the credit. The agreement, however, would allow current homeowners to claim up to $6,500 as long as the property they are vacating has been their primary residence for at least five years. Expanding the credit beyond first-time buyers is intended to boost home sales to "move up" buyers—those moving from one house to another—which some lawmakers, most notably Georgia Republican Sen. Johnny Isakson, argue is essential to a housing recovery.
Great article…
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