This is great news for “First Time Home Buyers” and potential “Move-Up Buyers” to receive the Homebuyer Tax Credit.

 

First Time Home Buyers will receive up to an $8000 Tax Credit if they sign a Purchase Agreement by April 30, 2010 and Close by June 30, 2010, and Move-Up Buyers will qualify for up to $6500. Unfortunately, as nice as this is, Vacation Homes don’t qualify for the credit. Click here for Qualifications.

 

But, I expect when this is signed by President Obama, that this will “fire up” the housing market even more then what the "current" tax credit has done.

 

For those of you that haven’t taken advantage of this opportunity (and may qualify), now is the time to start looking. Click here for some more information from RIS Media (The Leader in Real Estate Information Systems).

 

By Jay Hufnagel, Keller Williams Realty, Lake and Home Group, www.sayjaylakeandhome.com .