Home Buyer's Tax Credit Extended & Expanded

As widely anticipated, the up to $8,000 First Time Home Buyer's Tax Credit has been extended.  It has also been expanded and there are several NEW changes that could affect you so please read the one page document linked below to see if you qualify!  The new time frame to purchase a home and receive the tax credit has been extended from November 30, 2009 to April 30, 2010.  There's also a 60 day period after April 30, 2010 for those with a binding contract to close the transaction and still receive the tax credit.

There are several important changes including a potential $6,500 tax credit for current homeowners which is brand new and begins December 1, 2009.  There are conditions for eligibility which are included in the document linked below.

Also in the document below there is information about the new Anti-Fraud Rule, higher income limits, cost of home limits and purchases by a dependent so please review the document.  Here's that link:

www.realtownblogs.com/uploads/CentralFloridaRealEstate_Homebuyer_Tax_Credit_Changes_Chart.pdf

A five month extension for the tax credit will go very quickly so NOW is the time to begin finding the perfect home for you!  Congress has stated that there will NOT be another extension of this program.  It will be my pleasure to assist you or anyone you know with any real estate needs or questions.  If you're looking to buy or sell real estate in Central Florida please contact me by email or phone.  I look forward to serving you!