OK, I am convicted. I have not posted in a while--but I have good reason....First time home buyers are keeping me busy. I have shown more property in the last two months than I have the first part of the year. Buyers are anxious to spend their hard earned dollars on a great buy in a home to benefit from the Homebuyer Tax Credits. Now, existing homeowners can benefit!
Now we have more news. Congress has extended and expanded the tax credit. The modifications are effective 12/1/09-04/30/2010.
First time buyers: Up to $8,000 in tax credits with income limits being increased from $75,000 to $125,000 for singles and $150,000 to $225,000 for marrieds.
Current homeowners: Eligible for $6,500 (marrieds) who have used the home sold as a principal residence consecutively for 5 of the previous 8 years.
Amazing! And the feds have promised to hold down the interest rates.
So.....I will try harder to be faithful to my blog. Gotta go now....off to show property!! :-)
My best always to you!
Mona
www.monalacovey.com