It is signed, sealed and delivered – it is law! The First Time Home Buyers Tax Credit is extended and now current home owners wish to purchase a new Lakeland Real Estate may be elgible to receive a tax credit up to $6,500.
- First Time Homebuyers must be under contract no later than April 30, 2010 and close by June 30, 2010.
- Current eligible home owners buying a new primary residence may take advantage of this tax credit immediately
The chart below from the National Association of Realtors is an outline of the updated and expanded tax credit:
I’m sure you have some additional questions about the First Time Home Buyer Tax Credit and Existing Homeowner Tax Credit that I would like to share with you in this FAQ outline from the National Association of Realtors.
The April 30, 2010 deadline may look to you far away now, but with stricter lending guidelines and short sales flooding our Lakeland Real Estate market you don’t want to wait for this deadline to approach. There are still plenty of Lakeland homes for sale and the prices have been decreasing in recent years. Homes that are priced right will not stay on the market for a long time.
Check out what Lakeland Real Estate has in store for you with the click of the mouse right here below: