This just in....Congress has Agreed to Extend and Expand the $8,000 Tax Credit Incentive.
The new Law not only extends the $8,000 First-time buyer Tax Credit through June of 2010, but it also Expands and reaches another group of buyers. Those Buyers who have owner their current home for the last five years, now qualify for $6,500.
The Senate Approved it on Wenesday and the House just approved it today. The Bill is expected to be signed by President Obama on tomorrow (Friday).
This is great news for the housing industry, because now, many buyers who wish to move-up can now be able to take advantage of a $6500 Tax Credit.
Both buyers have to have a signed contract by April 30, 2010 and Close by June 30, 2010. I personally think that this will definitely keep our housing market moving in the right direction. What are your thoughts on this?
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Specializing in Kaufman, Dallas and Rockwall Counties. Previous New Home Sales Consultant familiar with how to utilize Builder Incentives to benefit everyone in the transaction.
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