Breaking news on the Homebuyers Tax Credit...

By
Real Estate Agent with Real Living Hagan Realtors | Pinehurst ~ Southern Pines, NC

There is breaking news on the tax credit and the highlight is... there may well be a credit for EXISTING homeowners ($6500).  We are tracking the issue as you read this...

Under the compromise reached Wednesday, the existing $8,000 credit would be extended for first-time home buyers who sign a contract for a home by the end of April 2010  and close by the end of June. 

It also creates a $6,500 credit for people who buy a home but have owned a home for at least five consecutive years out of the past eight years. 

The income limit would be raised to $125,000 a year for individuals and $225,000 for married couples, up from the current income limits of $75,000 and $150,000, respectively. 

Check our blog often for the latest information on this and other important Real Estate Matters!

For information about North Carolina Real Estate and Relocation contact us or page down to visit the Real Estate Intelligence Network for a collection of resources designed to empower buyers and sellers of real estate in the Pinehurst Pinehurst North Carolina area.

With our highest regard,                                                           

Wayne and Lynda Gomillion, Brokers
"The Trusted Names in NC Real Estate"

Click Here for NC MLS Listings

"The friendship and referrals of those we serve is the foundation of our success." 

Member of the Real Estate Intelligence Network 

PinehurstRealEstate.us | Pinehurst-NC.us | PinehurstHomeTeam.com | PinehurstAreaRealEstateBlog

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Rainer
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Tony Grego, 317-663-4173 #1 Trade Association for Alternative Inv
REISA - 317-663-4173 - Indianapolis, IN

Would be great if extended. Will help with the winter months.

Kind regards,

Tony

Oct 29, 2009 06:10 AM #1
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Wayne and Lynda Gomillion

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