Existing Home Owner Tax Credit
Are you an existing homeowner? Have you lived in your existing home for at least 5 years as your primary place of residence?
If you can answer yes to the two questions above you might be eligible for a $6500.00 tax credit on the purchase of your next home.
The congress has passed and the President is expected to sign into law a bill that will allow existing home owners to take advantage of a Tax Credit similar to the First Time Home Buyer Tax Credit.
If you have been thinking about moving up from your current home, this would be a great time to get your current home on the market. The First Time Home Buyer Tax Credit has been extended until property under contract by May 1st of 2010 and closed by July 1st 2010.
This means there should be many more First Time Home Buyers in the market for a new home over the next few months. There will be a need for more homes on the market to accomodate these Firts Time Home Buyers.
If you wopuld like to learn more about you may benefit from The First Time Home Buyer Tax Credit and the New Existing Homeowner Tax Credit please get in touch with me.
You may reach me either by email at Bob.Murphy@RealLiving.com or you can call me at 502-773-2564.
You may also visit my websiote at http://www.RealLiving.com/Bob.Murphy
Interest rates are still at historical lows, Tax Credits are being offered to more then just First Time Home Buyers, Home prices rae great right now too. It's a great Time To Buy or Sell.
