Homebuyer Tax Credit Update

On November 6, 2009 President Obama signed a bill to extend the tax credit for first time homebuyers through June 30, 2010. The bill also opens up opportunities for others who are not buying a home for the first time.

First Time Homebuyers (people who have not owned a home within the last three years) may be eligible for the tax credit. The credit is 10% of the purchase price of the home, with a maximum available credit of $8,000.

Current Owners who have owned and occupied a primary residence for a period of five consecutive years during the last eight years may qualify for a tax credit of up to $6,500. In order to qualify for the credit, all contracts need to be in effect no later than April 30. 2010 and close no later that June 30, 2010.

Let me help you with buying and selling real estate that meet your needs. From first time home buyers to retirement homes and anything in between. As a real estate professional, I am dedicated to providing Quality Service.  Because the real estate industry is becoming more sophisticated and challenging every day, you need a professional that understands the industry and is positioned to stay ahead of the game. I go the extra mile to help you achieve your goals. 

Betty Newberry,  ABR, CRS

(615) 451-1156 office

(615) 598-7940 cell

Accredited Buyer Representative
Certified Residential Specialist