First-time Homebuyer Tax Credit Extended and Expanded
Great News! The $8,000 tax credit for first time home buyers has been extended. In order to take advantage of the opportunity, buyers will need to be under contract by April 30, 2010 and close on their new home by June 30, 2010.
In addition, the program has been expanded to include a new $6,500 credit for current home owners who are purchasing a new primary residence. To qualify, you will need to have lived in your current residence for five consecutive years out of the last eight years.
The income eligibility for both first time and repeat buyers has also been increased to $125,000 for individuals and $225,000 for married couples.
Timing is Critical! This incentive will not be extended beyond the April 30, 2010 deadline.
Visit the National Association of Homebuilders website for a fact sheet and detailed information.
Now is a great time to buy a home in Heron Bay Golf & Country Club! D.R. Horton Homes has recently purchased lots in three new neighborhoods and is offering a diverse selection of home styles targeted to every life stage, priced from the high $100’s – Mid $300’s. Many new homes in these neighborhoods are now under construction!
In our Links, Lakeview and Preserve neighborhoods, there are a variety of attractively priced homes now available on spectacular home sites. John Wieland Homes and Neighborhoods has numerous award-winning home designs available to build both on and off the golf course.
Our resort-style amenities are fully completed and our Home Owners Association is fully funded with an active program of social activities for all of our residents. Visit Heron Bay today to tour our amazing master-planned community and take advantage of the best possible time to buy a new home!
Tags: dr horton, Heron Bay Golf & Country Club, homebuyer tax credit extension, John Wieland Homes and Neighborhoods, master-planned community
November 14th, 2009 at 4:33 pm
What a great and informative Blog, thank you for helping educate us on this important piece of legislation.
November 16th, 2009 at 12:43 pm
The expanded tax credit is very exciting for homebuyers and our industry. The new $6,500 tax credit for existing homeowners looking to buy a new residence in addition to the increased income qualifier opens up this opportunity to a much larger base of buyers. I hope potential buyers who have been sitting on the fence will take advantage of this new fantastic incentive!