Home Buyers Rush to Take Advantage of Tax Credit Before It’s Gone

by Alan Heavens

“Current homeowners buying a house between Nov. 7, 2009, and April 30 and who have used the home being sold or vacated as a principal residence for five consecutive years within the last eight can qualify for the $6,500. It seems less is known about the repeat buyer credit. This incentive was added when the original $8,000 tax credit for qualified first-time buyers, which expired Nov. 30, was extended.”

This is a great article on both the $8000 first-time home buyer tax credit AND the $6500 repeat buyer credit. To read the entire article click here.

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Betty Poore