Real Estate Blog

The Senate voted 98-0 on Wednesday to pass the revised and extended home buyer's tax credit.  Yesterday, the House voted 403-12 to pass the new legislation. The President is EXPECTED to sign the legislation shortly, maybe even today. 

There are some new, great changes to the tax credit. The biggest change being that CURRENT HOMEOWNERS will now be eligible for an up to $6,500 tax credit. If you sell your home and buy another (aka relocate) AND you've lived in your current home for at least 5 years, you may be eligible for the tax credit.

I will post the details of this fully under the $8,000 Tax Credit link on the left side of my web site.

I will also post a FAQ shortly outlining the details, once it has been fully passed by the President.