Tax Credit Extended and Expanded

During November the $8000 Tax Credit for home buyers was extended until April 30, 2010. Consumers who have not owned a home for the past three years can receive the Tax Credit if they purchase a home before April 30th and close that sale by June 30, 2010.
In addition, the program was expanded to include homeowners who have owned their home for at least 5 of the past 8 years and want to purchase another home before the deadline. Buyers in that category can receive a $6500 Tax Credit. Furthermore, the income limits for purchases in both categories were raised significantly.
If you have been thinking of selling your home and buying another one or buying your first home, the next few months may be the best time ever to do so. Interest rates are low, prices in our area are very affordable and you can earn a $6500-$8000 tax credit. Contact me for more details!
Note: If you want to sell your home and buy another one to take advantage of the Tax Credit, you may want to start the process immediately! April 30, 2010 will be here quickly.

For more information contact me at slaunchbaugh@cbtulsa.com