NEW TAX CREDIT RULES: $8,000 AND $6,500

There's good news for two catagories of home buyers:

• The $8,000 first-time homebuyer tax credit has been extended.
• There's now a $6,500 tax credit for anyone who buys a home and who has lived in their crrent home for any five consecutive years of the past eight years.

The old version of the tax credit was set to expire at the end of November, and the old version did nothing to stimulate home owners who wanted to sell their current home and move-up to a more expensive one.

The new rule will also give additional incentive to those who wish to move to other parts of the country, perhaps for another job or for retirement. And then there are those who really want to downsize now that their children are no longer living at home.

At Bill Cherry, Realtors, we are happy to assist you in finding a home, whether you qualify for one of these new tax breaks or not. But with these incentives, it is an especially good time, in our opinion, to buy your first home, or to sell your existing home and move to another.

BILL CHERRY, REALTORS

DALLAS - HIGHLAND PARK

SINCE 1964

214 503-8563

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