Yeah! Tax credit extended to Existing Home Owners!

From the Associated Press:
"Buying a home is about to get cheaper for a whole new crop of homebuyers — $6,500 cheaper.
First-time homebuyers have been getting tax credits of up to $8,000 since January as part of the economic stimulus package enacted earlier this year. But with the program scheduled to expire at the end of November, the House voted 403-12 Thursday to extend and expand the tax credit to include many buyers who already own homes. The Senate approved the measure Wednesday, and the White House said President Barack Obama would sign it Friday.
Buyers who have owned their current homes at least five years would be eligible for tax credits of up to $6,500. First-time homebuyers — or anyone who hasn't owned a home in the last three years — would still get up to $8,000. To qualify, buyers in both groups have to sign a purchase agreement by April 30, 2010, and close by June 30."

This is great news for Buyers who weren't quite prepared to buy and excellent news for sellers who have been wishing for a little something to make moving a little easier! If you are thinking of selling, now is the time to get it on the market..there will be more buyers out there and you can benefit with the $6500 ! Call me today for a free market analysis at 317-513-0141.