Current home owner: amount of Credit $6,500. ($4,000 Married filing separately. Must have used the home sold or being sold as a principal residence consecutively for 5 of the previous 8 years. Limit on cost of Purchased home: $800,000. Income Limits: (NOTE: Increased income limits are effective as of date of enactment of bill) $125,000 single & married $225,000. Additional $20,000 phase out. Dec 1 - Apr 30, 2010 Rules as enacted November 2009. Binding contract rule: So long as a written binding contract to purchase is in effect on April 30, 2010, the purchaser will have until July 1, 2010 to close. Termination of Credit - purchases after April 30, 2010. Call Karin Zeigler RE/MAX Four Seasons 360-870-6249 to sell & buy your home in Thurston County, WA. For all MLS Listings go to www.karinzeigler.com
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