Good news! $8,000 first-time home buyer tax credit extended AND expanded!
Fabulous news, folks! Not only has the $8000 tax credit for first-time home buyers been extended until the middle of next year (under contract by April 30, 2010 and closed by June 30), but it has also been expanded to include a $6500 tax credit for those folks who have lived in their current home for at least 5 years, sell it, and then buy another before May 1* (*again, under contract by April 30, closed by June 30*). There are some restrictions, of course, and there is a lot of information out there on the web about it already–check out this article by Josephine Nicholas with Certified Mortgage Planning Specialist Institute, for more information! Or, for more details on both the tax credit extension/expansion AND the extension of unemployment benefits check out this article from CNN.
This entry was posted on November 6, 2009 at 7:40 pm and is filed under Advice for Buyers, Advice for Sellers. You can subscribe via RSS 2.0 feed to this post's comments.
Tags: Advice for Buyers, Advice for Sellers, buying a home, certified mortgage planning specialist institute, cnn, Coldwell Banker United, first time home buyer tax credit, first-time home buyers, Iredell County, J. Hoyt Hayes Memorial Troutman Library, lake norman area, lake norman area real estate, National Association of Realtors, NC, north carolina real estate, real estate, sara ferrar, selling a home, statesville, tips for buyers, tips for sellers, Troutman, unemployment benefits extension
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