Hackney's Houses

Great news, the House has passed the $8000 First Time Home Buyer Tax Credit with several provisions. It is now awaiting the President's signature.

The Tax Credit will be extended to April 30, 2010.

However, if you are currently a homeowner and have lived in your principal residence consecutively for five of the previous 8 years and qualify within the income limits, you will be eligible for a $6500 tax credit. This credit will terminate April 30, 2010.

Click the link below for more information on the proposed law.

This is great news that the National Association of Realtors and Washington Realtors have been lobbying for. This will now allow the "move up" buyer to take advantage of the $6500 tax credit allowing more movement of inventory.

The current $8000 tax credit has allowed 7000 more homes to be sold just in Washington State.

Buyers, now is the time to buy with this extended tax credit, low interest rates and a nice supply of inventory.

Credit Extension Info