Tax Credit Dealine for Home Buyers Extended

The deadline for the federal tax credit to first time home buyers has been extended. The federal government has also included an expansion for prospective buyers that already own a home.


The federal government has extended the $8,000 tax credit to new home buyers, and those who have not owned a home in the last three years, when they sign a contract to buy a home before April 30, 2010. Congress also added a $6,500 tax incentive to those buyers who currently own a home and have lived there for the last five years.

$8,000 Federal tax credit for first time Buyers

Just wanted to comment quickly on this part of the stimulus plan. It appears to be creating some urgency with buyers that we have not seen in our market place here in Northern Virginia in a few years. The high lights are, 1. $8,000 tax credit does not have to be paid back. 2. There is an income limit. 3. The house has to be bought between January 1, 2009 and December 1, 2009. Follow the url for all of the additional details. http://www.vhda.com/vhda_com/apps/DocumentLibrary/document_load.asp?docid=2672

Happy House Hunting. Oh Yeah dont forget. Tomorrow is April fools day. Dont let any one get you.