Tax Credit Extended

The first time home buyer tax credit has been extended until April 30, 2010 for buyers purchasing a principal residence and has been expanded to “move up” buyers (existing home owners). These are some of the conditions for sales occurring after November 6, 2009:

• $6,500 tax credit for existing home owners who qualify
• $8,000 tax credit for first time buyers
• $125,000 income limit for single taxpayers and $225,000 income limit for married taxpayers filing jointly

For additional information about the tax credit please visit the Federal Housing Tax Credit Website here, or please feel free to contact me by email or phone.  I look forward to helping you find your dream home in Norfolk, Virginia!