Home Buyer Tax Credt Extended and Improved!

Moments ago, President Obama signed a bill to extend unemployment insurance benefits. The bill also created a new tax credit that applies not only to first-time buyers, but to existing homeowners who have lived in their residence for at least five years. The credit for first-time buyers remains at $8,000, and is $6,500 for eligible repeat buyers.

In addition to including move-up buyers, the new tax credit also contains many improvements over the existing one. These include higher income thresholds and two different tax credit deadlines -- one for getting under contract and one for closing the transaction.

This legislation is significant, and will give the housing industry the additional support we need to keep the real estate recovery going.

For more info:
http://www.realtor.org/home_buyers_and_sellers/2009_first_time_home_buyer_tax_credit

Now is the time to BUY and SELL property.

OPEN THIS WEEKEND - Come By:
330 Whethersfield Dr, Glassboro NJ 08028
313 Alfred Ave, Glassboro NJ 08028

For SALE:
320 Chestnut, Woodlynne NJ
206 Mercer, Gloucester City NJ
117 Slack Ave, Lawrenceville, NJ (55+ only)

Call Clara Today 856-264-1058