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The Popular Tax Credit Extension

Good news comes just in time for many consumers who thought they had missed out on the popular tax credit for first-time homebuyers. Last week, senators agreed to extend the tax credit and to offer a reduced credit to some repeat buyers.

While the first-time home buyers tax credit provides up to $8,000 to homebuyers who have not owned a primary residence for three years or more, the reduced tax credit gives up to $6,500 to repeat homebuyers who have owned their current homes for at least five years.

Both tax credits will be available to all homebuyers who sign sales agreements by the end of April 2010. Each buyer will have until the end of June 2010 to close on their new home.

This is awesome news for many more homebuyers. Now, many more consumers can take advantage of the tax credit since it's being extended to repeat buyers too. However, April will be here and gone before you know it. So, don't delay! Start your home search today.

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Posted by Mary & Bill Watkins on 11/02/2009 01:53 PM

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Tax Credit Extension in the Home Buying Channel

tax credit, tax credit extension, first time homebuyers, reduced tax credit, repeat homebuyers, jackson mississippi, jackson real estate

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Mary & Bill Watkins

Madison, MS

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Address: 731 South Pear Orchard Rd, Ridgland, Ms, 39157

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Search for Brandon, Ridgeland, Madison and Jackson Real Estate for sale and homes in the surrounding areas of Reservoir, Flowood, Canton, Pearl, Florence, Richland, Terry, Byram, Clinton, Raymond, Flora and Hinds. Receive great advice and support while finding your new home! In Mary & Bill Watkins' Jackson Real Estate Blog find community information, current market conditions, real estate trends, community news, events, and real estate tips and advice for buyers, sellers, and homeowners.

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