Thank You, Thank You, Thank You! Tax Credit Extended & Expanded

Reblogger
Real Estate Agent with Sposato Realty Group RES.0810758

Great Job By Kathleen Cooper Of JCKC Realty!

Thank you for the info!

Original content by Kathleen Cooper 9084437/Brokers

 THANK YOU, THANK YOU, THANK YOU!
TAX CREDIT EXTENDED & EXPANDED

Exciting news for first time home buyers as well as potential move up buyers today!  The first time home buyer's tax credit has been extended through April 30, 2010 and expanded to include home purchasers who are selling their current home of at least 5 years of ownership. 

Rules for the extended credit:

  • First-time home buyers must purchase homes between November 7, 2009 and April 30, 2010.
  • Current home owners purchasing a home between November 7, 2009 and April 30, 2010, must have used the home being sold or vacated as a principal residence for five consecutive years within the last eight.

To qualify as a "first-time home buyer" the purchaser or his/her spouse may not have owned a residence during the three years prior to the purchase.

The maximum amount available to first time home buyers is $8,000 and the maximum available to move up  buyers is $6,500.  This money will not have to be repaid as long as the home is owned for 3 years or more. 

For more great information about this tax credit news, visit Realtor.org

 

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JCKC Realty
135 Main Street
Sturbridge, MA 01566
508-523-8632

Comments (4)

Konnie Mac McCarthy
MacNificent Properties, LLC - Cobb Island, MD
Broker/Owner - VA & MD "Time To Get A Move On!"

I am glad they both extended and expanded the credit..it makes so much sense.

Nov 06, 2009 02:21 PM
Konnie Mac McCarthy
MacNificent Properties, LLC - Cobb Island, MD
Broker/Owner - VA & MD "Time To Get A Move On!"

I am glad they both extended and expanded the credit..it makes so much sense.

Nov 06, 2009 02:21 PM
Kathleen Cooper
Kathleen Cooper, Sposato Realty Group - Worcester, MA
Sposato Realty Group - Broker Owner

Thanks for the re-blog!  This is awesome news, can't wait to work harder and with more great clients!

Sincerely,

Kathleen

Nov 06, 2009 10:38 PM
Kathleen Chase
Sposato Realty Group - Killingly, CT
Realtor

Hi Connie,

I know, things have been so tough and I think this will open the market up to so many!

Thanks for commenting!

Regards,

Kathy

Nov 07, 2009 02:50 AM