7 Month Extension & Expansion Of The Tax Credit Will Pass In Congress This Week

iStock_000011028805XSmallGreat News for Real Estate In Aventura!!! 

After all the bad reports on fraud and misuse of the $8000 tax credit for first time home buyers, Congress has decided that the good out ways the bad and is voting, this week to extend this program for 7 Months and will make it better by including couples with incomes up to $225k which is 55k more than the previous program.

$6500 Maximum credit would be available to move-up homeowners who have lived in their currect residence for 5 of the prior 8 years and they don’t have to sell their previous home to qualify.  THIS IS GREAT NEWS!!!!

Prices are still very affordable.  Certainly, this is the BEST TIME TO BUY.  Interest rates are still low.  (check my chart on this site).  The Government is making it easier to buy than ever.

Click on the homes for sale button on this page and find your dream home and make it a reality and when you see the perfect place…call me and we will get an appointment, today.

Update:  Congress just passed this legislation and it is expected to be signed into law by President Obama.

 

 

 

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