HomeBuyer Tax Credit
There is a current law, signed by President Bush that allows for a first time homebuyer tax credit up to $7,500 for those who bought homes on or after April 9, 2008 thru July 1, 2009.
The House and Senate are currently involved in trying to bass changes to this bill to beef it up somewhat. The House wants to keep it to first time homebuyers and keep it to $7,500.00. The Senate would like to open it up to ALL purchasers and increase the credit to $15,000.00.
Of course all versions, including the current bill do contain a repayment feature. That differs depending on what version you are looking at as well.
Only time will tell which bill will end up being signed by our current President or if the current bill will stand.
I have attached a link to the realtor.com posting that features the current bill as well as the House and Senate Versions.
If you are looking to buy or sell property in SW Florida: Fort Myers, Estero, Bonita Springs, Naples, Marco Island or the Beaches please give me a call at 239-940-2995.
Sincerely,
Franziska Smith
Broker/Owner
Coastal Elite Properties.com
franziskasmith@gmail.com
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