Thursday, September 24, 2009

Will the First-Time Home Buyer Tax Credit Extend to 2010?


Buyers interested in taking advantage of the First-Time Home Buyer Tax Credit cross your fingers - Yesterday afternoon, Senator Ben Cardin introduced S. 1678, which would extend the $8,000 first time homebuyer tax credit for another 6 months to June 1, 2010. The current tax credit is set to expire on December 1, 2009. The bill has 4 co-sponsors: Ensign, Reid, Isakson, and Stabenow. We'll be tracking the progress of this bill. If you have any questions about utilizing the current tax credit, feel free to call me at 703-400-6757.

2 comments:

CoachingByPeter said...

Any buyer should ensure that he has the capacity to pay for a house. The seller must be sure that the buyer is qualified in purchasing before approving the offer. Conducting home inspection can also help if in case there are some minor problems in negotiating with the seller.

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