■ The extended
Federal tax credit
for first-time homebuyers
remains 10% of sales price up
to $8,000
■ The new Federal tax credit for
move-up homebuyers, who have used
their previous home as a principal residence
for five of the previous eight years, is $6,500
■ The income level to qualify is $125,000 for single filers or $250,000 for joint filers
■ The maximum eligible home price has been increased to $800,000
■ The Federal tax credit runs from December 1, 2009 to April 30, 2010
■ Sales contracts signed as of April 30, 2010 must close by June 30, 2010
We will always keep you posted!
Have a great day and enjoy!
Elsie & Julie
Team Tropic/Tropic Shores
