Buyer Real Estate Agent/Realtor tip #3 "Know The (New) Home Buyer Tax Credit Changes"Birmingham, MI

Great news for all of you Buyers & Sellers!!! The Home Buyer Tax Credit is out and looks great.

Buyers:

• Starts December 1st 2009 to April 30th 2010
• $8000 for 1st time home buyers
• $6500 for current homeowners
  • Current homeowners "Must have used the home sold or being sold as a principal residence consecutively for 5 of the 8 previous years."
• Must have contract to purchase by 4/3/2010
• Must close by 7/1/2010
• Income limits:
  
  • $125,000 single income
  • $225,000 married

Sellers:

• More buyers are going to be in the market to buy your home.
  
• Reduced inventories will raise sale prices
• less foreclosures

Read below for more details below from NAR

Mike Sher, CDPE: http://hosted.cdpe.com/MikeRealtor/ Office: (248) 644-4700x242 Fax :(248) 499-1020

4120 Telegraph Rd, Bloomfield Hills, MI 48302

E-mail:mike@mikerealtor.com

CDPE (Certified Distress Property Expert) MCAR,

Short Sale Trainer Max Brook and Real Estate One Short Sale Specialist.

The Mike Realtor Team Blog - Metro Detroit/Oakland County Servicing in Southeast Oakland County, Auburn Hills, Birmingham, Bloomfield, Berkley, Beverly Hills, Canton, Clawson, Farmington Hills, Ferndale, Huntington Woods, Northville, Novi, Pleasant Ridge, Plymouth, Royal Oak, Rochester Hills, West Bloomfield, Troy, etc.