Homebuyer tax credit extended and expanded

Full-size version of homebuyer tax credit chart.

First-time homebuyer $8,000 tax credit EXTENDED to April 30

  • The home has to be under contract by April 30 and must close by July 1, 2010.

Program EXPANDED to include $6,500 homebuyer tax credit for some current homeowners

  • Must have used the home sold or being sold as a principal residence consecutively for 5 of the previous 8 years.

  • The home has to be under contract by April 30 and must close by July 1, 2010.

More information here.

November 7, 2009 by
 
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About The Author

John Wake

Born in Phoenix, trained as an economist and now a licensed Realtor, John uses hard data from the real estate market to help his clients -- buyers and sellers of residential real estate -- uncover their best choices for finding the right home or finding a buyer for their current home.

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