Congress Extends and Expands Homebuyer Tax Credit

Posted on November 7, 2009 by Jackie Gibbins

Both house of Congress have approved a bill that will extend the first time homebuyer tax credit and EXPAND it to include buyers who are current homeowners. The extnesion will include contracts entered into by April 30, 2010 (you don’t have to close by that date). There are also income restrictions for both classes of buyers. The National Association of Realtors has an information sheet on the tax credit that you can view here. Call me today to begin your home search and take advantage of this wonderful program before home prices go up next year! 949.525.5905