2010 Federal Tax Credit Extension*

Don't miss out on this incredible opportunity.

The Federal Government has extended the First Time Homebuyer Tax Credit and expanded it to include some current homeowners!

• $8000 for first time homebuyers
• $6500 for current homeowners who have lived in their home 5 out of the last 8 years
• Short sales and foreclosures offer great deals, but take more time to come to contract
• Homebuyers must have a ratified contract on a home by April 30, 2009
• Now is the time to contact us.
  • Call 757-966-9820, or
  • Request your free buyer consultation

Tax Benefits of Home Ownership in 2010

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Learn more about how to get $26,500 off your next home!

2010 Homebuyer Tax Credit Details

In early November 2009, the federal government passed the Federal Homebuyer Tax Credit Extension. This extension extended the current tax credit of up to $8,000 for first time homebuyers, and added a provision for current homeowners.

Those who have lived in their home for 5 of the last 8 years are eligible for a $6,500 tax credit. This tax credit extension is enacted from November 7, 2009 through April 30, 2010. Buyers who have a written binding contract to purchase in effect by April 30, 2010 will have until July 1, 2010 to close on the home.

The purchase price of the home is limited to a maximum of $800,000 and buyers' income must be less than $125,000 for an individual or $225,000 for a married couple. Additionally, the homebuyer(s) must live in the home purchased under the tax credit for a minimum of 3 years.