Great News if you have been contemplating purchasing or selling a home! Congress has now signed a bill to extend and expand the HomeBuyer Tax Credit Program.

The Program was slated to sunset on December 1, 2009 but now it will remain in effect until April 30 of 2010. In addition to the $8000 tax credit for First Time HomeBuyers (defined as people that have not owned a home within the last 3 years), there is also a credit of $6500 for current homeowner that sell their home and qualify under the provisions of the act.

You may be thinking that you have plenty of time to take advantage of this BUT the time flies quickly when you are looking for a home and you really do need at least 30 days from contract to closing to make sure everything is in order for your home purchase.

So.... if you are wanting to take advantage of this incredible opportunity,
1. Check with your tax advisor to make sure you qualify for the program. There
income requirements that need to be met.
2. Visit a lender today to get yourself preapproved! They will work with you to
how much you can afford in a home purchase and discuss the various methods
of financing your purchase.
3. Speak with an Experienced Real Estate Agent. They can make the entire process much easier from start to finish, by representing your interests in the real estate transaction.

This really is a great opportunity! This tax credit combined with our currently low interest rates could significantly benefit you if you are in the market for a home! But don't delay! It won't last forever and you don't want to be rushed when purchasing a home.


Best regards,

Susan Temple
Broker, GRI
Keller Williams Realty