According to various news reports, the Congress has reached a tentative agreement to extend and perhaps expand the $8,000 tax credit.
The details reported:
1. The $8,000 tax credit extension would cover first-time home buyers who sign a contract for a home by the end of April and close by the end of June.
2. Create a $6,500 tax credit for those who buy a home, but have owned a home for at least five consecutive years out of the past eight years.
3. The income limit would be raised to $125,000 a year for individuals and $225,000 for married couples.
All is contigent on the approval House and signed by the President.
For more information:
Senate Likely to Extend Tax Credit
Capitol Briefing -Senate Passes Bill to Extend Tax Credit
If you have been waiting or thought you had missed the boat -- it looks like you have a second chance.
Call me and let's get the ball rolling for your new home in Hubert, Swansboro, Jacksonville in Onslow County NC.
Cynthia Tilghman, Realtor, Onslow County Home Specialist 910 459 9189 Email Me
Kingsbridge Realty, Inc., Making Houses Homes
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Sonja,
Thanks for the reblog.