Its Official: $8,000 Home Buyer Tax Credit and New $6,500 Bonus Kicker Law to be Passed for 2010

The Senate this week passed an extension of the $8,000 Home Buyer Tax Credit for new home buyers and added on as a "kicker" to the plan a $6,500 bonus for those who are buying a new home and have lived in their old home for 5 of the 8 previous years. From everything that we are hearing and reading, The House of Representatives is expected to pass this new bill and the White House has also given every indication that they will sign it once they receive it.

So what does it mean to us here in the Santa Barbara area?

Here are the details...

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Further Reading:

1. $729,750 Conforming Loan Limit Extended into 2010
2. What do Buyers and Sellers Want Most from Their Santa Barbara Realtor?
3. Is Zillow's Zestimate a Reliable Guide to your Santa Barbara Home's Value?
4. Working with a Blogging Realtor - Advantages
5. Are Trulia and Zillow the Best Place to Search for Santa Barbara Real Estate?
6. Buyer's Resources for the Santa Barbara area
7. Seller's Resources for the Santa Barbara area

For information on Real Estate here in Santa Barbara, Montecito and/or our surrounding areas, as well as any other aspects of life in our area, please don’t hesitate to contact Kevin Schmidtchen at Sotheby’s Int’l Realty.

Thank you for reading. I hope you find Santa Barbara Real Estate Voice informative. Please feel free to contact me or comment below with any thoughts.

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