December 28th, 2009 
Holly This is a Sponsored Post written by me on behalf of Coldwell Banker. All opinions are 100% mine.
Right now is a great time to buy a home, not only are prices down, but with the homebuyer tax credit you can get money back for that home. I love that they have changed some of the rules for 2010 Homebuyer Tax Credits to include people who have already owned a home. This credit really did help boost the real estate business and get many homes sold, but everything was for a first time buyer, now move up buyers have their incentive.
* For first-time homebuyers, or those who have not owned in the last three years, can receive up to an $8,000 tax credit.
* Homeowners who have lived in a current home consecutively for 5 of the past 8 years can receive up to a $6,500 tax credit when purchasing a home.
* There may be no future extensions, so all qualified homebuyers are urged to act and have a written, binding contract by April 30, 2010 (close by June 30, 2010.)
* Income limits are now $125,000 for singles, $225,000 for married couples with a $20,000 phase-out of the credit for both.
Now if you fall into the eligible category you will want to do some research before you try to buy that home. If your a first time buyer look around at homes you like and find out how much they are really worth. Yes many homes have come down in price, but that doesn’t mean that you can really afford your dream home. Take a look at this video for some very good and helpful information regarding the homebuyer tax credit.
Remember now is the time to buy a home, fix it up and love it for years to come. Have fun hunting!
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