Yes it is true and official.... Obama signs extended Tax Credit Into Law. And it's not just for First Time Home Buyers anymore.

What's it about? Here's a quick run-down:

The First Time Home Buyers Tax Creditpretty much remains the same - $8000 credit ($4000 if married filing separately) with a new deadline of April 30, 2010 to have a written binding contract in place to purchase a home that will close no later than July 1, 2010.

The Expanded part is that now a current homeownercan sell or who has sold a home that has been used as their principal residence consecutively for 5 of the previous 8 years can receive a $6500 credit ($3250 if married filing separate) for purchasing a new principal residence so long as they are in a written binding contract to purchase by April 30,2010. They too will have until July 1, 2010 to close on the new home. 

What do you have to do to claim the credit? You need to attach documentation of the purchase to your tax return. Now how simple is that?

Great News!  So what are you waiting for?  Let's go SHOPPING FOR YOUR NEW HOME!!!

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If you would like more information regarding the homes for sale in Belfair WA, drop me a line, or give me a call. I would love to help you achieve your real estate goals. Remember real estate is LOCAL.

I also offer a FREE comparative market analysis for sellers tailored specifically for your home or property. If you would like more information on selling your home in this market, please give me a call, drop me a line, or stop on in!  I believe in building relationships for life... YOUR SUCCESS IS MY SUCCESS!

We believe homes are where memories are made and living takes place!

~~Valerie~~

Associate Broker

Windermere Peninsula Properties : My Belfair WA Real Estate Blog : www.BelfairWARealEstate.com

My Website : www.valspaulding.mywindermere.com    Email : vlsallyn@windermere.com

Direct Cell : 360-710-5622    Fax # 360-277-5006