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First-time home buyers credit and a provision to extend for move-up buyers passed today! by Bo Kociuba, Yukon Realtor, www.Okla-OK.com

By
Real Estate Agent with McGraw Realtors

 

First-time home buyers credit extension by Bo Kociuba, Yukon RealtorToday the legislation passes 85-2 to extend the first-time home buyers tax credit and a provision to extend the credit to move-up buyers! 

Such high voting makes it virtually certain that the legislation will reach President Obama for his signature this week.

The bill calls for credit to be extended by 7 months and to expire on April 30, 2010. So the first-time home buyers do not have to worry about closing on the house after the November 30th date which was the original deadline. 

The $8,000 maximum first-timer credit will continue and will be now available to couples with income up to $225,000, a nearly $55,000 increase above the level in existing law.  A new $6,500 maximum credit would also be available to move-up homeowners who have lived in their current residence for five of the prior eight years.

More details to follow ...

With smiles,

Bo in Yukon

 


Posted by

About the Author:

The above information was provided by Bo Kociuba, Realtor and a long time resident of Canadian County, Ok. As Broker’s Associate Bo helps people sell & buy homes in Oklahoma City Metro. She works together with her partner, Buster Elliott. .Bo and Buster are multi-million producers with over 50 years combined real estate experience. 

Bo loves photography and is an avid supporter of shooting sports. 

Bo@BestOklahomaHomes.com |405-812-1572.

We serve OKC Metro Areas: Yukon, Mustang, Bethany, Piedmont, Tuttle, Blanchard, Edmond, Oklahoma City and Moore.

We specialize in Residential & Commercial Real Estate, Ranches & Recreational Land.

 

 

 

 

  

 

Comments (6)

Anthony Moretz
Moretz Realty Partners - Hickory, NC
REALTOR®

Great Stuff! passes 85-2! What were the two thinkin'?

Nov 04, 2009 11:24 AM
Ron Brown NMLS #270845
NMLS ID: 40831 - Federal Way, WA

The final passage vote was actually 98 to 0 on the Senate floor.  The 85 to 2 vote was the motion to move forward.

Nov 04, 2009 12:00 PM
Shirley Parks
Sands Realty 210-414-0966 - San Antonio, TX
Broker, 210-414-0966, San Antonio TX Real Estate

This is great news, Bo.  I have been out most of the day and haven't listened to any news.

Nov 04, 2009 12:07 PM
Bo Kociuba
McGraw Realtors - Mustang, OK
Realtor - Mustang, Yukon & OKC Metro 405-812-1572

Anthony - I have no idea...but I guess we can find out...

Ron - Appreciate your correction...when I read it it was 85-2

Shirley - LOL...busy, busy girl...that's why you have RAIN...LOL

With smiles,

Bo in Yukon

Nov 04, 2009 02:12 PM
TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

I expected as much. Great news. Hopefully this will help to get folks off the sofa and out looking...

Helping you live your American dream...

Nov 04, 2009 09:04 PM
Bo Kociuba
McGraw Realtors - Mustang, OK
Realtor - Mustang, Yukon & OKC Metro 405-812-1572

Michael - it is good news...waiting for more details, though...

With smiles,

Bo in Yukon

Nov 05, 2009 02:46 AM