You just figured out the eight thousand dollar tax credit to buy a home by the end of November and now what. An extension, and modification of what you knew to broaden the program. Scope out the new $6500 twist tax rebate highlights
The Worker, Homeownership, and Business Assistance Act of 2009 has established a tax credit of up to $6,500 for qualified move-up/repeat home buyers (existing home owners) purchasing a principal residence after November 6, 2009and on or before April 30, 2010 (or purchased by June 30, 2010 with a binding sales contract signed by April 30, 2010).
Know the ins and outs as a Maine real estate broker and help your sellers move houses, buyers get in to their own residence. I have seen banks jammed and bottle necks in shuffling paperwork in the scurry to get Maine home loans closed by the end of the month so the extension should give ME appraisers, Maine bankers a little breathing room, relieving some of the pressure.