Real estate blog entries tagged with existing homeowners by Richard Roux (Watson Realty Corp., REALTORS)

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Home : Blogs : Richard Roux : Richard Roux's Blog : Tag "existing homeowners"

existing homeowners: Nov 2008 Tax Credit for existing Homeowners- A Question - 11/11/09 08:53 AM

I've only seen bits and pieces of the new legislation.
Has anyone seen a definitive answer to this:
The tax credit of 6500 is for buyers who have lived in their primary residence for the last 5 of 8 years.... But:
•Ø Do they have to make the new home their primary residence?
•Ø Must they also sell their current primary residence?

I.E., could the $6500 tax credit be applicable to a investor?

Thanks for your input!!!

Richard
… (3 comments)

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Richard Roux

Amelia Island, FL

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Watson Realty Corp., REALTORS

Address: 3321 S. Fletcher Ave., Fernandina Beach, FL, 32034

Office Phone: (904) 261-3986

Cell Phone: (904) 415-6096

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