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Tax Credit Extended!

Nov12
2009
2 Comments Written by Shanna

calculator As of last week, the $8,000 home buyer tax credit has been extended, ending next spring instead of at the end of this month. Plus, there’s a new credit for qualifying existing home owners.

What does this mean for you?

FIRST-TIME BUYERS: You have more time to find your first home and still qualify for as much as 10% of your new home in the $8K credit. Condition: This extension only applies to homes purchased for more than $800,000.

EXISTING HOME OWNERS: If you’ve lived in your primary residence for at least five of the last eight years, you also qualify for a special credit of $6,500.

Other special conditions: There are some income limits that apply. For more information, see this Wall Street Journal article.

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Posted in Market News, Tips and Ideas - Tagged Market News, real estate, real estate market, tax credit
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  1. Buy Now to Get the Tax Credit! | Buy Owner Blog on March 19, 2010 at 10:13 am
  2. 5 Reasons to Buy a Home | Buy Owner Blog on March 23, 2010 at 8:01 am

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