Our realtor just sent this to us, repeat home buyers are eligible for up to $6,500, not bad huh? The housing market really could use a boost, not much is selling.
Eligible first-time buyers are still eligible to receive up to $8,000.
- Eligible "repeat" buyers are also eligible to receive up to $6,500.
- Income limits have been raised!
Here is a little more about it.
"A few key points about this NEW tax credit:
Extends the $8,000 credit for first-time home buyers.
Includes new $6,500 credit for owners of existing homes who have lived in their principal residence for five consecutive years out of the last eight.
Increased income limits of $125,000 for single filers, and $225,000 for joint.
Qualified home purchases must be in contract April 30, 2010 and closed by June 30, 2010.
Available on homes priced up to $800,000."
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| $6,500.00 credit for those who already own a home and wish to purchase another |
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