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Congress Passes Bill Extending the Homebuyer Tax

Congress has passed a bill extending the Homebuyer Tax Credit closing deadline to September 30, 2010. This is a huge win for homebuyers.  The extension applies only to transactions that had ratified contracts in place as of April 30, 2010, and have not yet closed. There will be no gap between June 30 and the date the President signs the bill into law.

Home Buyer Tax Credit Extended for Armed Services Members, Others

Although the Home Buyer Tax Credit has expired for many people, it has been extended for Armed services members, as well as intelligence service and foreign service personnel, who are on active duty and out of the U.S. for 90 days during any part of 2009, get an additional year to buy their homes, through April 30, 2011. 

Another benefit is a waiver on the time of occupancy of the home purchased with the tax credit. Homebuyers who purchase their home using the tax credit must use that home as a principal residence for a period of no fewer than three years, or must forfeit the entire credit. Military, intelligence and foreign service members do not have to repay the credit if they have to sell their home after fewer than three years occupancy due to official business.  For additional details of the extension go to the National Association of Realtors site by clicking on this link:

Homebuyer Tax Credit Has Added Benefits for Armed Services Members, Others

 Also on my website, you will find a wide variety of useful information and resources designed to help you buy or sell a home more effectively in the Research Triangle areas. From information on the local community, to advice about finding a mortgage or preparing your home to sell - it's all available here on my web site.

You can also search for your ideal home by viewing current listings with detailed descriptions and photos. Or you can get help determining the value of your home by requesting a report that includes the prices of similar homes that recently sold or are currently for sale in the area. You can also get this information yourself by clicking on "Home Values".

So whether you're buying or selling, feel free to contact me and I will be happy to help you with all your real estate needs.

Buyers

Whether you're looking for your first home, your dream home or an investment property, I'm committed to providing you with the highest quality buyer service. When making the type of investment that buying a home requires, you deserve to have all the latest market information and the very best advice, both of which I can provide you with. Read more .

Sellers

The decision to sell a home is often dependent on many factors. Whatever your reasons are for selling, my proven effective marketing strategies will ensure that you get the highest possible price for your home. I guarantee to provide you with professional, ethical and confidential service and keep you fully informed every step of the way. Read more .