Space Coast Real Estate

At the end of 2009, it seems that Realtors were very busy selling homes to all of the first time home buyers. With the approaching end to the 2009 First Time Home Buyer Tax Credit it seemed like all of these buyers were very anxious to get their homes closed before the deadline.

Enter 2010 and the renewed $8,000 tax credit and it seems like many of the fence sitters are still sitting on the fence. I would hope that the news has been delivered to anyone that missed the initial round of government tax credits, that there is still time to buy a home and get their $8,000 from Uncle Sam.

Let’s not forget that the new rule allows a home owner who has lived in their home at least 5 consecutive years out of the last 8 years to qualify for a tax credit of up to $6,500.

This is all great news for the Real Estate industry, but buyers beware. Just as with last year’s tax credit, there is a time limit on this one also. You must be under contract by April 30^th 2010 and must close by June 30, 2010.

For answers to all of your questions, go to our home page at www.PowerOf2Homes.com and click on the link for your particular situation, be it first time buyer or move up buyer.