Will The $8,000 First Time Home Buyer Tax Credit Be Extended?

By
Real Estate Agent with Sandals Realty

An article that was just posted by the Associated Press 22 minutes ago has announced that it is not a "done deal" yet, but it looks promising for the $8,000 First Time Home Buyer Tax Credit to be extended.  It was an easy 98-0 vote in the Senate just a short while ago to extend the $8,000 First Time Home Buyer Tax Credit, as well as to include a $6,500 credit to Home Owners who have lived in their current home for at least 5 years.

The important next step will be for the legislation to go to the House, where it is reported that it should be approved rather quickly, and then it will be sent to President Obama for his signature.  There is still the possibility that this legislation will not go through, however with 98 voting for it and 0 voting against it, the likelihood of it arriving on the President's desk is quite high.  The $8,000 First Time Home Buyer Tax Credit was attached to a bill extending unemployment benefits.  This raises the stakes even higher for getting this bill passed soon.

Fort Myers Home Sellers now is a great time to meet with a Fort Myers Listing Agent to discuss marketing your home as First Time Home Buyers will be looking to purchase a new home.   Would you like to know what your home is worth?  Please request a Home Value Report.

Shane and I are both Fort Myers Listing Agents as well as able to represent Fort Myers Buyers as Fort Myers Buyers Agents.  If you have any questions regarding purchasing your first home or marketing your home for sale, please contact us.  We will take the time to share with you about our local Fort Myers and Cape Coral real estate market.

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Sandals Realty

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