Tax Credit Extended AND Expanded!

We just got the word and we are thrilled!  Now first time buyers have  we have until April 30th 2010 to close on thier first house and still recieve the credit.  Remember those who have not owned in the last three years are considered first time buyers.    First time buyers still get $8,000 or 10% of the purchase price.

There is also a provision in the new law that allows current homeowners who have sold or are  in the process of selling thier primary residence.  These folks will recieve a $6,500 credit.  They must have a written binding contract to purchase on or before April 30th 2010.  They have until July 1st to close.

The income limit is $225,000 for married couples and $125,000 for singles.  The maximum purcahse price is $800,000.   Based on these numbers I think it is safe to say that we can put this money to good use here in the Big Horn Basin.

About Sarah Johnson

Johnson Home and Land is a small but active real estate firm in rural northwest Wyoming. We are an experienced team of professionals who seek inform our readers about the local and national real estate market. Contact us at info@johnsonhomeandland.com or 307-548-6909
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One Response to Tax Credit Extended AND Expanded!

  1. WyomingDreamer says:

    That’s great news!

    Like

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