When you are buying, or selling a home, your most important step to take is choosing the right real estate agent or buyer's agent. The process is very detailed and difficult and you will want someone that could potentially save you from mistakes that can cost a great deal of money.

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Saturday, November 7, 2009

UPDATE on Homebuyer Tax Credit

Congress finally extended and expanded the homebuyer tax credit and sent it to President Obama which he signed into law and effective until April 30th, 2010.

If you are a current home owner and have lived in your house for five of the past eight years, the new bill also includes a credit of up to $6,500 for you to buy another house.

Here is a table that shows all the changes in the tax credits: NAR Issue Brief Homebuyer Tax Credit

posted by Patti Lora

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