We will have more information out on this shortly, but here are the highlights from today’s edition of USA TODAY:

 

Washington – Senators agreed Wednesday to extend a popular tax credit for first-time home buyers and to offer a reduced credit to some repeat buyers.

 

The Tax credit provides up to $8,000.00 to first-time but is set to expire at the end of November.  The Commerce Department said Wednesday that new home sales fell 3.6% in September, and some industry representatives blamed uncertainty about the tax credit.

 

Senators agreed to extend the existing $8,000.00 tax credit for first-time home buyers while offering a reduced credit of up to $6,500.00 to repeat buyers who have owned their current homes for at least 5 years, said Regan Lachapelle, a spokeswoman for Senate Majority Leader Harry Reid, D-Nev.

 

The tax credits would be available to home buyers who sign sales agreements by the end of April.  They would have until the end of June to close on their new home, according to a summary of the legislation being circulated among lawmakers.

If there’s anything we can do to help someone you know that needs to buy, sell or wants to invest, please don’t hesitate to call us.  We’ll follow up w/ your referral today & do everything we can to make you look like a hero.

Your next move is our business…

The Kelly Sells Atlanta Team
www.KellySellsAtlanta.com > click to search all metro Atlanta Homes for Sale

This entry was posted on Thursday, October 29th, 2009 at 1:02 pm and is filed under $8000 tax credit, Buyer Services, Heady info, Realtor Services. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.