8K Tax Credit Extension

OK, I am writing about this subject again, however this time there’s a new wrinkle in the Tax Credit.  On November 5th the Senate passed the Tax Credit extension 98-0, allowing more new first time home buyers the chance to get a little added help.  The Credit is good until April 30th, however the date could go to June 30th provided the contract was written bu April 30th.

Not much about the 8K Tax credit has changed except for sales occurring after November 6, 2009, the Act establishes income limits of $125,000 for single taxpayers and $225,000 for married couples filing joint returns.  This is an increase from $75,000 for single and $150,000 for married couples.

With interest rates (at the time of this writing) in the low 5% range and a good inventory this is the time to call us today.  If you are looking for a home in the Dallas Real Estate area please contact us today.

The Frisco Real Estate market is taking off again, call us today for a list of foreclosures, short sales, and new homes in the Frisco, Plano, or McKinney area’s.