Thursday, January 7, 2010

The 2010 Home Buyer Tax Credit

Late last year, Congress modified the $8,000 First-Time Home Buyer Tax Credit program, converting it from a "first-time" buyer program into an "everyone" buyer program.

Under the new terms, first-time buyers are eligible for up to $8,000 in federal tax credits and long-time homeowners can get up to $6,500. A "long-time" homeowner is someone who has owned a primary residence for 5 or more consecutive years dating back to 2002.

April 30, 2010 : You must be under contract for your new home

June 30, 2010 : You must be closed on your new home

Start your home search now with Sibcy Cline Realtor Michelle Sloan.

The best Realtor in Mason, West Chester, Loveland, Maineville and surrounding northern Cincinnati area!!

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