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4 Comments on ***Update***Extension on Tax Credit IS a Done Deal!
Barb, are we to assume that a move-up buyer is defined as someone buying a more expensive property to use as a primary residence regardless of if their current home is listed yet?
Good questions Dan. It says "Must have used the home sold or being sold as a primary residence consecutively for 5 of the previous 8 years." This implies that the move up buyer has to sell in order to take advantage, but I'm not positive.
Barb
It's a good thing this passed; even better is the fact that existing buyers can now get more motivated.
Tom, I know. I have an agent with some interested move up buyers for a listing of mine and I am hoping this is the catalyst they need.
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