President Obama has signed a new Homebuyer Federal Tax Credit. And it's not just for first-time buyers anymore...
The new legislation includes extending the First-time Buyer Tax Credit of up to $8,000 and raising the qualifying income limits to $125,000 for single taxpayers and $250,000 for joint taxpayers, up from the current $75,000 and $150,000 income limits.
In addition, the legislation offers a new credit of up to $6,500 to qualifying EXISITING HOMEOWNERS who have resided in their homes for 5 out of the last 8 years and are buying a new home.
Agreements of sale will have to be signed by April 30, 2010 and settled by June 30, 2010.
Keller Williams Realty agents have been awarded "Highest Overall Satisfaction For Home Buyers Among National Full Service Real Estate Firms for Two Years in a Row!"*
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*Keller Williams Realty received the highest numerical score among full service real estate firms for home buyers in the proprietary J.D. Power and Associates 2008-2009 Home Buyer/Seller StudySM. 2009 Study based on 3,138 total evaluations measuring 7 firms and measures opinions of individuals who bought a home between March 2008 and April 2009. Proprietary study results are based on experiences and perceptions of consumers surveyed April-June 2009. Your experiences may vary. Visit jdpower.com
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