Homebuyer's TAX CREDIT

Congress has extended and expanded the home buyer tax credit.

New Changes ... "December 1, 2009 - April 30, 2010.

Old Rules apply from now to November 30, 2009

Don't miss this opportunity to buy a home!

New Rules:

• $8000.00 ($4000 married filing separate)
• First time Buyer: May not have had an interest in a principal residence for 3 years prior to purchase
• Current Homeowner Amount of Credit: This is new...$6500 ($3250 married filing separate)
• Date: see above
• Current Homeowner-definition for Eligibility: Must have used the home sold or being sold as a principal residence consecutively for 5 of the previous 8 years
• Termination of Credit: Purchases after April 30, 2010
• Binding Contract Rule: So long as a written binding contract to purchase is in effect on April 30, 2010 the purchaser will have until July 1, 2010 to close
• Income Limits: (New starting Dec. 1) $125,000 single and $225,000 married
• Limitation on Cost of Purchased Home: (New starting Dec. 1) $800,000
• Purchase by a Dependent: (New starting Dec. 1) Ineligible
• Anti-Fraud Rule: Purchaser must attach documentation of purchase to tax return

You or anyone you know really should take advantage of this great opportunity! Please contact me so I can help you find that great deal.