Senate and House Extends Buyer Tax Credit
The Senate and the House has approved an extension of the $8000 tax credit for first-time homebuyers! The legislation also provides an additional $6,500 tax credit for individuals who have owned their home for 5 of the past 8 years when they purchase another property. The legislation extends through June of next year as long as a buyer enters into a binding contract before April 30, 2010. It raises the income ceiling for qualificaiton to $125,000 for individuals and $225,000 for couples.
Lawmakers have stressed that there will be no further extensions of this tax credit. If you are considering a move, this is definitely the time to take action -- low interest rates, reasonable home prices and a lovely tax credit!
Biography | Contact Sharon | Getting the Highest Price | See Our Neighborhoods! | First-Time Buyers-2014 | Emory-Decatur Sellers | Relocation/Transfers | Financing Revealed | House Notes | Emory Village | Emory Grove | Decatur | Clairmont Heights | Emory Parc | Chelsea Heights | Medlock Park Area | Area Churches | Rent Management | Buying First Home-Atlanta | Atlanta Schools | Condos/Townhomes | Tuxworth Springs | ScottCourt-The Woodlands | Decatur Square | The Park at Emory | Heritage Two | Clairmont Place | Brianwood | September Chase | Winston Place | Haverhill | Area Parks | Property Management | Do You Need It? | Promoting Your Property | Screening and Leasing | Fees and Accounting | Glendale Estates | Glenlake Park | The Woodlands | Medlock Park | ClydeShepherd Preserve | Kirkwood Village | Leafmore Hills | Lions Gate | Waddell Park | Great Lakes | Laurel Ridge Neighborhood | Rentals-Now Available | North Druid Valley | Library-Toco Hills | Emory Area Dog Parks | Druid Hills | Closing Costs | Looking to Sell? | Home | Emory/Decatur | Site Map | Reasons homes don't sell | Be Accessible! | Home Appreciation | Daily Rate Lock Advisory | Sharon's Blog