Home Buyer Tax Credit has Been Extended Until April 30, 2010
November 6th, 2009 categories: Tips For Buyers, Tips for Sellers
Good News for Buyers and Sellers!
Even though it was approved by the Congress we were not 100% sure it would be extended. It’s oficial! Obama signed it as part of his plan to stimulate the US housing market.
Other than the extension of the deadline who favors Buyers seeking Short Sales and the addition of existing Homeowners as beneficiaries of the Tax Credit, the most interesting addition to the law is the increase in the amount a Buyer can earn to Qualify. It went from $ $75,000 to $125,000 for single Buyers and from $150,000 to $ 225,000 for married couples. This increase mat trigger the sales of higher priced homes.
Links:
Article at www.Realtor.org: The Basics: Extended Home Buyer Tax Credit
