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Homebuyer Tax Credit Program by Federal Government Has Been Extended and Expanded! More good News for the Allen, Frisco, McKinney, Plano and North Texas Real Estate Market.

By
Real Estate Agent with RE/MAX Premier Properties-Allen,Frisco,McKinney,Plano home

 Hombuyer Tax Credit Program by Federal Government Has Been Extended and Expanded!

More good news for the Allen, Frisco, McKinney, Plano and North Texas real estate market. President Obama just signed a bill into law extending and expanding the homebuyer tax credit program.

The homebuyer tax credit program now includes existing homeowners who are purchasing a replacement home. To be considered a tax credit qualified move-up home buyer you must have owned and occupied the same home for a period of five consecutive years during the last eight years. The federal tax credit for repeat homebuyers goes up to a maximum amount of $6,500.

For first-time homebuyers, the federal tax credit goes up to a maximum amount of $8,000.

The property to be purchased needs to be under contract by April 30, 2010 and closed by June 30, 2010.

In addition, there are some income limit tests that must be met in order to qualify.

For frequently asked questions about the homebuyer tax credit program, please visit:

http://federalhousingtaxcredit.com/

Also, please check with your tax advisor to see if you qualify for the first-time or repeat homebuyer federal tax credit.

For all of you existing homeowners who are ready for a change of scenery, now is a great time to purchase a home in Allen, Frisco, McKinney, Plano and other North Texas cities. Home prices are very affordable, the selection of homes is good and the government is giving a federal tax credit to boot.  

To view all of my other Blog posts about Allen, Frisco, McKinney and Plano, please click www.AllAboutNorthTexas.com 

Also, be sure to visit my Website www.RobertLerner.com for more information about North Texas.

To search the MLS inventory of Allen homes for sale, Frisco homes for sale, McKinney homes for sale, Plano homes for sale and other North Texas cities, please click www.NTxHomesUpdate.com

If you have any questions about Allen, Frisco, McKinney or Plano homes and real estate, then please contact me.

I look forward to hearing from you.

Thanks,

Robert Lerner, CRS

RE/MAX Hall of Fame

Full-time Realtor since 1993

RE/MAX Premier Properties I

Email:     Robert@RobertLerner.com

Blog:       www.AllAboutNorthTexas.com

Website:  www.RobertLerner.com

MLS Search:  www.NTxHomesUpdate.com

Phone:  972-979-0662

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