Your Real Estate Resource

By Sarah F.

Extended tax credit, NOT just for first-time homebuyers!

It’s official! The tax credit that was once just for first-time home buyers has been expanded to current home owners wanting to move.

How much could you qualify for?

$8,000 for first-time home buyers (has not owned a home in the last 3 years)

$6,500 current home owners (must have lived in their home 5 of the past 8 years)

How long will this opportunity last?

To take advantage of the tax credit you must have an agreement of sale signed by April 30, 2010. However you can settle on the home anytime before July 1, 2010.

Are there income limits to qualify?

Yes, however there have been changes to the limits. People with higher incomes can now qualify for the tax credit.

For more information about this visit the IRS website click here.

Click on the picture to the right to view the differences between the old tax credit and the new extended and expanded one! 🙂

Please contact us if you have any questions or if you are ready to make a move.

“Teamwork Makes The Dream Work!”

Craig & Gina Wiley

Coldwell Banker Preferred

390 Waterloo Blvd

Exton, PA 19341

Office 610-363-6006

Direct 484-881-6066

WileyRealEstate@comcast.net

Tagged With: Coldwell Banker Preferred, Craig Wiley, Gina Wiley, Real estate

Originally published by Sarah Freymoyer and the Philly Burb Moms team on November 21, 2009.