GOOD NEWS! The United States Congress have passed a new legislation that expands the tax credit to grant up to $6,500 credit to current home owners purchasing a new or existing home between November 7, 2009 and April 30, 2010! This gives you, my valued client, more time to prepare to buy a property.
According to REALTOR.org, you qualify for the tax credit if you are current home owners purchasing a home between November 7, 2009 and April 30, 2010, who have used the home being sold or vacated as a principal residence for five consecutive years within the last eight years.
CLICK HERE to visit the NAR Website that expands on the extension of the move-up buyer tax credit!