$8,000. First Time Homebuyers / $6,500. Move-Up Buyers!
First Time Homebuyers: You or your spouse must not have owned a home in the past 3 years and your income must not exceed $125K for singles and $225K for couples to qualify for up to $8,000. Homebuyer Tax Credit.
Move-Up Buyers: You must have owned your current home for at least 5 years and your income level limits are the same as for First Time Homebuyers to qualify for up to $6,500. Homebuyer Tax Credit.
Under the Senators current proposed extension, contracts would have to be signed by the end of April and close by the end of June 2010. The 7 month extension and the addition of Move-Up Buyers should be a great incentive to anyone on the fence!
It's A Great Time To Buy!
It's a Buyers Market and we all know it won't last forever! If you have been holding out over the past 2 years it's time to make your move. Prices cannot get much lower and the rates are incredible!
Remember, there's only one way to go from here!
Take advantage of the market and give your family the comfort of a New Home!
Search The Connecticut MLS Now!
RE/MAX Professional Associates
Kathleen Chase, Realtor 860-942-9212
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This Blog Is Brought To You By: Kathleen Chase, Realtor RE/MAX Professional Associates |
It's not quite what I was hoping for, but something is better than nothing.
This is great news and a great way of informing new buyers!
Sincerely,
Kathleen
I hear you Jeff! It's better than nothing; lets hope they pass it quickly so we are not left in limbo!
Hi Kathleen,
Let's hope it get's the buyers that have been holding out off the fence and Move-Up buyers moving!