Tax credit Extension
By Blatt + Cutino, Broker-Associate 831/206-8070*Call today*
(Coldwell Banker Realty)
The Obama legislation just announced that they will be extending the home buyers tax relief credit until June, 2010. The buyer must be under contract by April 1st and close by June 1, 2010! This program is also allowing Investment properties and Non-First Time homeowners. The initial plan only allowed First Time Homeowners purchasing their own primary residence. As people were rushing to purchase homes at these amazing interest rates in the 4's they were being forced to race the clock to achieve the tax credit which was to expire December, 2009. Since last year the percentage of houses on the market fell by approximately 50%. Which shows the plan that has been called T.A.R.P initiated to get people to buy homes is working. Of course the interest rates being in the 4% range is...
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