First Time Buyer Tax Credit Extended, Plus New Credit for Existing Homeowners Wanting to Buy Again

The Extended Home Buyer Tax Credit: The Basics for REALTORS, Homebuyers, and Home owners from the National Association of REALTORS.

The First Time Home Buyer Tax Credit has been extended. First Time buyers have until April 30, 2010 to enter into a contract on a new home purchase. Buyers can purchase a single-family home, a condo or a townhome. To qualify for the First Time Buyer credit, a buyer or his/her spouse cannot have owned a home in the last 3 years.

Current homeowners can also qualify for a tax credit of $6500. If a buyer has lived in their current home for the last 5 of the 8 years then this is an opportunity for them to purchase a new house.

For more information and details, don’t hesitate to contact me through my website, call me at (316)806-7090 or E-mail me.

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