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.

Facebook | LinkedIn | Twitter | ActiveRain

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 0 Comments

Thursday, November 5, 2009

$8,000 new home buyer credit about to be extended.

The Senate just voted on extending the $8,000 new home buyer tax credit up to the first six months of 2010. The measure was part of a new bill to extend unemployment benefits and it is now on it's way to the House of Representative which is sure to vote to pass it.

In the mean time, for more information, watch the video below and go to the IRS website.



Other related links:

>Congress giving homebuyers a $6,500 tax break (WOAI)
>Should the Home Buyers' Tax Credit Be Extended? (Time Magazine)
>Senate votes to renew tax credit for first-time home buyers (Washington Post)

posted by Patti Lora 0 Comments