Breaking News- The Senate has approved an extension to the Homebuyer's Tax credit, which include higher income limits and home purchase price, and is available if you enter into a contract by April 2010 and close by end of June 2010. Individuals with an income of up to $125,000, and couple with a combined income of up to $225,000 wishing to purchase a home of up to $800,000 are now eligible for the $8,000 tax credit. Additionally, if you've lived in your primary residence for at least 5 years, you are also eligible for a tax credit of $6,500 if you purchase a home.
The clauses of the new extension make it a great time to think about "right-sizing"- meaning that it's a great time to start looking at moving up into a home at just under a million dollars (and there are still great deals to be had in that price point), or down-sizing to a home that is cozier if the kids have moved out or if you are looking for something easier to maintain.
Call or email me today if you have questions about the tax credit extension- 602-722-7971, or vickie@elegantarizonahomes.com.
Do you think this will spur additional home sales?
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