Congress Votes for Home Buyer Tax Credit Expansion. The National Association of Realtors today commended the U.S. Senate and House of Representatives for passing a bill that includes an extension and expansion of the current home buyer tax credit as an important step in ensuring a real estate and economic recovery.
This is great news for home buyers and sellers in the Greater Lansing area and more positive news for the housing market throughout the nation. Below, you will find a chart that gives detailed guidelines on amounts and dates. One major addition this Buyer Tax Credit includes is a $6500.00 credit to buyers moving up from an existing house, provided they have lived in the home for at least five years. The six months should provide a stronger market because of the deadline extended through May 1st, 2010. It's not to soon to get started with your moving plans and making arrangements for marketing your current home. Feel free to visit my website for additional updates or contact me anytime.
"Expect the Best" Mike
Mike Bowler Sr. ePRO, CRB, GRI, SRES
Coldwell Banker Hubbell Briarwood
One of 25 Most Connected Professionals in Real Estate
1020 S Creyts Rd. Lansing, MI 48917
517-492-3400 mike@mikebowler.com
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Website for Agents: www.mikebowler.net
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