Home Buyer Tax Credit To Be Extended into 2010 - www.TheGoodHomeTeam.com

It is looking very good that the home buyer tax credit will be extended in 2010. There will be some changes to it and I am really looking forward to these added changes! Please read below:

- First-time home buyers who close before April 1 would get the full $8,000, and the credit’s value would be reduced by $2,000 in each successive quarter until expiring at the end of the year.

- The plan would extend the credit, due to expire Nov. 30, to home purchases under contract by April 30, 2010, with borrowers allowed another 60 days to close the sale, according to a person familiar with the details of the agreement.

- Current Homeowners looking for a new home could also qualify for a $6,500 credit if they have lived in their existing primary residence for at least five years

- The home buyers’ credit would be available to individuals earning up to $125,000, or $250,000 for couples, up from $75,000 for individuals and $150,000 for couples under the current law.

- Homes that cost more than $800,000 aren’t eligible for the credit and you must be over 18 years old to claim the credit.

Contact The Good Home Team for all your real estate needs! The Good Home Team has the experience to get you the very best deal on your home sale OR your home purchase. Call 972-215-SOLD (7653) and begin the home selling or home search process today!

www.TheGoodHomeTeam.com or www.123HomeSolutions.com to look at homes online