As your local real estate resource I am always working hard to help keep my friends, family, clients and business associates up to date and informed on changes and activity in the real estate market. The big news this month is the extension and expansion of the 'First Time Home Buyer Tax Credit.' The original tax credit set to expire on November 30th 2009 has been extended to include qualifying purchases with signed contracts dated on or before April 30th 2010 and closed by June 30 2010! In addition the credit has been expanded beyond 'first time home buyers.' If you are not a 'first time home buyer' but lived in your previous home for at least five of the last eight years you can also qualify for a $6,500 tax credit on the purchase of a home. Income requirements to qualify for these tax credits have also been expanded! For more information on the effects of the original tax credit as well as the details of the newly expanded tax credit which took effect on November 7th 2009 check out the links below. Remember real estate is as local as the weather! If you have questions about the real estate market in your neighborhood please feel free to contact me. I am always available as your local real estate resource!
New Tax Credit
http://www.kw.com/kw/2009TaxCredit.html
Success of the Original Tax Credit
http://www.youtube.com/watch?v=4cz_wxcoPOI
New Tax Credit
http://www.kw.com/kw/2009TaxCredit.html
Success of the Original Tax Credit
http://www.youtube.com/watch?v=4cz_wxcoPOI
