The National Association of Home Builders has a very complete section regarding the extended/expanded Home Buyer Tax Credit that was approved earlier this month. If you plan to take advantage of either the $8,000 1st Time Buyer Tax Credit or the $6,500 Tax Credit for Current Homeowners, you should visit this site. It has an FAQ section that addresses special situations that people may have.
We’re beginning to see excitement for the CURRENT owner portion of the the Tax Credit. A number of sellers are thinking this might be a good time to act, even if it does mean having their home on the market over the holidays. Since we’re having rather mild weather right now, it is a more pleasant time to shop for a home rather than waiting till January to do something.
Related article: Uncle Sam is Willing To Give You Some Money
