Yee Ha!!
Posted in Buyers, General Real Estate Info, Governmental Issues by Karen Rhodes on November 6th, 2009 Home buyers tax credit extended and expanded to include current home owners. Lets go!!!!
The House voted 403-12 Thursday to extend and expand the tax credit to include many buyers who already own homes. The Senate approved the measure Wednesday, and the White House said President Barack Obama would sign it Friday.
Buyers who have owned their current homes at least five years would be eligible for tax credits of up to $6,500. First-time homebuyers — or anyone who hasn’t owned a home in the last three years — would still get up to $8,000. To qualify, buyers in both groups have to sign a purchase agreement by April 30, 2010, and close by June 30.
