Raleigh Real Estate Professional

November 12, 2009

Home Buyer Tax Credit Extended By Congress!

Filed under: Real Estate — admin @ 8:09 am

Congress has extended the home buyer tax credit for home buyers purchasing a property between November 7, 2009 and April 30, 2010.  This includes not only first-time buyers, but also current home owners purchasing a home who have used the home being sold as a primary residence for five consecutive years within the last eight years.

The maximum allowable credit for first-time homebuyers is $8,000, the maximum allowable credit for current homeowners is $6,500.

With continued low interest rates and prices down, this is a great time to buy!  Call me for more details! - Tina

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