The tax credit has been extended until 4/30/2010. This means you have until that day to be under contract. You must close by 6/30/2010 to be eligible for the tax credit. For first time buyers, it is $8000 and for existing homeowners who have been in their residences for 5 of the last 8 years and are purchasing a primary residence, the credit is $6500. As always, check with your tax advisor to make sure you are eligible for a credit.
This credit will help well established communities such as the community around Brookwood High School with move up buyers. With new homes being available from the $190's to $900K, The Brookwood area is sure to see some movement with this new incentive. If you are thinking of moving or upsizing, now is the perfect time.
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