The extension of the 2009 First Time Buyers Tax Credit continues one of the best first time home buyer markets of record. First time home buyers are defined as anyone not owning a home for 36 months from closing date to closing date. The credit is now available for homes under contract by April 30, 2010 that close by June 30, 2010. Incomes are limited to $125,000 for single filers and $225,000 for married couples filing jointly. The credit is not available for homes purchased in excess of $800,000
Brian Clinger with Coldwell Banker AJS Schmidt says "Inventories are plentiful, interest rates are near record lows and homes are selling 30% below thier 2006 highs making this one of the greatest first time home buyers markets on record."
For more information regarding the 2009 tax credit please contact Brian Clinger at www.brianclinger.org or by calling (616) 581-4819.