HUGE NEWS!!! The House today passed the Tax Credit Extension for 1st Time Homebuyers…. adding current homeowners. This comes on the heals of The Senate passing it last week.

The President is expected to sign by the end of this week. Here’s what I’m hearing on C-Span as I write this:

 

• 1st Time Homebuyers Tax Credit of $8000. extends to Contracts written by April 30, 2010 and you must close by June 30, 2010

• Current homeowners that have lived in their home for 5+ years and want to “move on”, will get a $6500 tax credit when they sell their current home and purchase their next home

• The income thresholds move from, individuals $75K to $150K and couples from $150K to $225K! That’s Gross Adjusted Income

 

Great news for homebuyers, Realtors, Lenders, and the Economy going into the Holidays and Winter!!!

 
                             
Associate Broker
EcoBroker, ABR, ePRO
NVAR, Life Time Top Producer
NVAR,Multiple Million Dollar Sales Club Member
Samson Properties
Cell - 703-625-4949
Email - info@eNOVAHomes.com
Web: www.eNOVAHOMES.com
 


 
 
This post has been included in Virginia Real Estate News
Post is included in group: ABR-Accredited Buyer Representatives
Post is included in group: Loudoun County Agents
Post is included in group: Realtors®
Post is included in group: VIRGINIA
Post is included in group: WHAT'S HOT IN VIRGINIA

1 Comments on Senate and House pass tax credit extension for 1st Time Homebuyers!!!

NOV
04
2009
569,044 Points 1 Featured Post Localism Sponsor Outside Blog

Hi Ritu,  Well, I guess many saw this extension/expansion coming.  Still a lot of discussion about the long term costs associated with this program.
1:30pm • #1


What does the graphic say?
Leave a response…

(optional)
Spam Prevention:
 
Img_0001 Rainmaker_large

Ritu Desai-Northern Virginia Realtor Fairfax/Loudoun/PW-703-625-4949

Ashburn, VA

More about me…

Samson Properties

Address: 14526 Lee Road, Suite 100, Chantilly, VA, 20151

Office Phone: (703) 625-4949

Cell Phone: (703) 625-4949

Email Me

Contact Me
Interested in selling or buying your home? Contact me to get a professional estimate.
Profile picture for VARealtor
Ritu Desai
Call: (703) 625-4949
My Chantilly Real Estate Listings on Zillow
Google Groups
Northern Virginia Residential Real Estate
Visit this group
Protected by Copyscape DMCA Violation Tool Locations of visitors to this page


Listings

Links

Archives

RSS 2.0 Feed for this blog

Find VA real estate agents and Ashburn real estate on ActiveRain.