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How Does The Stimulus Affect Myrtle Beach?

By
Managing Real Estate Broker with Price & Company Realty 44559

So, everyone wants to know the bottom line… What does the final version of President Obama’s stimulus package provide for Myrtle Beach real estate buyers?

First, the tax credit goes up from $7,500 to $8,000.

Second, the repayment requirement goes away, except in cases where the home is sold in three years or less.

Third, the deadline to take advantage of this credit has been extended through December 1, 2009.

We’ve posted details of the credit, and differences between the 2008 and 2009 versions, here.