It’s Official First time home buyer credit is extended.
It’s official! What we have all been waiting for. It has been passed by both house and senate. It’s even been signed by the President. The Home Buyer Tax Credit has just been extended.
Here is what it amounts to:
1. The first time buyer for homes credit of $8,000 will remain. Currently it is extended for any contract that is completedd not later than April 30, 2010 and it must close not later than June 30, 2010.
2. Not only that, but it is no longer restricted to first time home buyers. If you have owned your primary residence for the past 5 consecutive years, you will receive a tax credit of $6.500 as long as the contract is ratified not later than April 30, 2010. However remember it also must close not later than June 30, 2010.
3. Good newws, the income limit has increased to $125,000 for a single person and couples will have a maximum limit of $225.00.
4. Even more good news, the tax credits for homebuyers who are qualified and are buying a principal residence up to the price of $800,000.
5. They tell us that the tax credit will not be exended any time in the future.
6. So if you want to find that perfect home now is the time, please visit my website at http://www.vahud.com/mls-homes/