Breaking News!
House votes to expand homebuyer tax credit
By STEPHEN OHLEMACHER (AP) – 1 hour ago
WASHINGTON — Buying a home is about to get cheaper for a whole new crop of homebuyers — $6,500 cheaper.
First-time homebuyers have been getting tax credits of up to $8,000 since January as part of the economic stimulus package enacted earlier this year. But with the program scheduled to expire at the end of November, the House voted 403-12 Thursday to extend and expand the tax credit to include many buyers who already own homes. The Senate approved the measure Wednesday, and the White House said President Barack Obama would sign it Friday.
Buyers who have owned their current homes at least five years would be eligible for tax credits of up to $6,500. First-time homebuyers — or anyone who hasn't owned a home in the last three years — would still get up to $8,000. To qualify, buyers in both groups have to sign a purchase agreement by April 30, 2010, and close by June 30.
Update
WASHINGTON, Nov 6 (UPI) Obama signed the Worker, Homeownership, and Business Assistance Act of 2009, legislation aimed at spurring job creation by providing an additional tax cut for businesses, extending unemployment benefits up to 20 additional weeks, and stabilizing the housing market with a one-time extension of the $8,000 home buyer tax credit.
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I’m glad you made it here, and to the Kansas City area. My goal in real estate has always been to help people find the home of their dreams, as well as to help my sellers reach their new property goals.
This is a goal I share with my team, Mark Stuart who is my partner in life as well as in business; his role is to keep our communication and transactions running smoothly. Next is Flash, my basset hound, whose focus is in getting you the most up-to-date listing information. You can search with Flash at the Flash home finder, and if you sign up for Property alerts he will howl out an email to you of homes that meet your criteria as soon as they hit the market. Access multiple listings listed by Realtors in the Kansas City area click here! When you are ready to look in person Kat our adopted mutt (and undoubtedly from a herding breed) will likely lick my hand and run circles around me to let me know you are ready to hit the road and try some houses on for size.
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So whether you're buying or selling, feel free to contact me and I will be happy to help you with all your real estate needs.
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