Tagged : First Time Home Buyers 
There are currently 1 blog entries matching this tag.
Tax Credit Extended!
Friday, July 16th, 2010 at 4:17pm. 303 Views, 0 Comments.
Originally Published November 2009 --
The big real estate news this month is the extension of the federal tax credit for first-time home buyers from November 30, 2009 to April 30, 2010. A first time home buyer is defined as a buyer who has not owned a principal residence during the three-year period prior to the purchase.
Now even more interesting for many of my sellers/buyers is a new tax credit that was added for repeat buyers. Buyers who already own a home and have lived in the home for five consecutive years are eligible for up to a $6,500 tax credit on their next home purchase. Whether you are interested in moving up or downsizing from your current home, you qualify as long as the new home will be your future primary residence.
Click to…