The first-time home buyers tax credit has been extended. It also has been expanded to include existing home owners. First time home buyers can still get up to $8000 and existing home owners can get up to $6500.
For existing home owners, you must have used the current house as primary residence 5 of the past 8 years.
In both cases you need to have a signed purchase agreement by April 30, 2010, and close by July 1, 2010. For single people, the income limit has been raised to $125,000. For married couples the income limit is $225,000.
If you want more information, please click the CONTACT US link at the right.
Posted on November 6th, 2009 by Steve Hong
Filed under: Buyers, Featured, First Time Buyers, Uncategorized
Minneapolis, MN