Wednesday, November 11, 2009

Have they or haven't they?

There has been so much recent talk about extending the First Time Buyer Tax Credit that even I didn't know who to believe!

It is definite though - there is an extension and some icing on the cake - there has been an incentive created for "Move Up" buyers. So if you have been in your current residence more than 5 years then check out this site for more details......

For all my Silicon Valley friends, there has also been a change to one of the requirements of being a First Time Buyer.....if you are a single taxpayer with an income up to $125,000 and if you are married with an income up to $225,000 you can qualify for the full tax credit. But you have to purchase your home after November 6, 2009 and on or before April 30, 2010 AND it has to be under $800,000 which is cutting it close in Silicon Valley!

If you fancy a chat then please call me at 650 9193190.

- Stella Abraham, REALTOR

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