In the event you have not heard yet, the National Association of Realtors also known as NAR will update the citizens as to the latest news if the $8,000 tax credit will be extended.
The National Association of Realtors will be monitoring the progress and any potential changes to the bill. NAR will send out a notice when the vote is in.
The extended Tax Credit includes the following provisions:
$8,000 to First Time Home Buyers
$6,500 to Repeat Purchasers of Homes. Must have used previous home as a principal residence 5 of the 8 previous years.
Income Limits: $125,000 for single filers and $225,000 for joint filers. Same for first time buyers and repeat buyers.
$800,000 Limitation on cost purchased for a home.
Time Frame; December 1, 2009 to April 30th 2010 plus a 60 day extension if binding contract is in place by April 30th, 2010.
Also, Anti Fraud Measures have been added as well. It is looking promising the $8,000 tax credit bill may be extended!
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The source of the listing data is as follows:
My Florida Regional MLS (updated 9/21/17)
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