Tax Credits for Santa Fe Investors

On Friday, the President signed an extension and expansion of the Homebuyer Tax Credit through April 30, 2010, as long as the home is under contract by that date and closing occurs by June 30, 2010. An $8,000 tax credit is available for first-time homebuyers (those who have not purchased a home within the last three years) and a credit of $6,500 is also for homeowners who have lived in the home they are selling, or have sold, as a principal residence for five consecutive years in the past eight. These credits are available to buyers with incomes below $125,000 for singles and $225,000 for married couples. Homes valued at more than $800,000 are not eligible. This is a big win for the real estate industry that should give troubled housing markets a little more time to heal.

Anthony Atwell – Serving you Santa Fe for 18 years

« Going Green – Santa Fe Farmer’s Market | Home | Green Standards in Santa Fe MLS »

• Recent Posts

  • What is a Realtor? There’s an App for That
  • Sotheby’s Mission & Committment to You
  • Amazing Mortgage Rates
  • US Housing Starts Up 24%
  • 12 Vallecito Road
  • Fiserv Case Shiller – Santa Fe #11 best housing market for next 5 years
  • Santa Fe Inventory Down
  • Geyser Holistic Living

• Archives

  • February 2012 (2)
  • January 2012 (18)
  • December 2011 (9)
  • November 2011 (5)
  • October 2011 (10)
  • August 2011 (13)
  • May 2011 (4)
  • April 2011 (7)
  • March 2011 (7)
  • February 2011 (6)
  • January 2011 (7)
  • December 2010 (6)
  • November 2010 (4)
  • October 2010 (13)
  • September 2010 (6)
  • August 2010 (8)
  • July 2010 (11)
  • June 2010 (15)
  • May 2010 (3)
  • April 2010 (10)
  • March 2010 (10)
  • February 2010 (9)
  • January 2010 (5)
  • December 2009 (4)
  • November 2009 (9)
  • October 2009 (16)
  • September 2009 (10)
  • August 2009 (11)
  • June 2009 (3)