Saturday, November 7, 2009

New Housing Tax Credit

Expected to contribute approximately $22 billion to the economy, Congress overwhelmingly passed a bipartisan measure this week extending the $8,000 home buyer tax credit to April 30, 2010.

The legislation, which is part of a larger bill that also extends unemployment benefits, was signed into law by President Obama today.

More people are now eligible to take advantage of the law, which includes a $6,500 tax credit for buyers who are current home owners and have lived in their home for five of the past eight years.

Income limits for eligible home buyers were also expanded to $125,000 for single buyers and $225,000 for couples, up from $75,000 for individuals and $150,000 for couples. Qualifying home prices are capped at $800,000.

Another note - The improvements on my website are just about complete. Expecting to be completed by 5 tonight if all goes well.

If you are starting your search to buy now or in the future, why not search like a realtor. Sign up for listing book, a free service I provide with no strings attached. Here is the link: http://a107021.listingbook.com.

If you would like information on Buying, Selling, For Sale By Owners, 1st Time Buying, click on the appropriate link on my website www.cribbinrealty.com .

Want to check out some Foreclosures or FSBO’s? Visit my website: www.cribbinrealty.com
What did the house down the street sell for? Want to know call me or visit my website at www.cribbinrealty.com

If you would like to know what your homes current value is, please contact me for a free evaluation.

For any of your Real Estate Questions or Needs call Me at 636-294-6061 or Mike@cribbinrealty.com Remember “Cribbin Realty” Where Performance Outsells Promises.

Mike Cribbin

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