| |  | JUDITH GARNER, REALTOR®, BROKER ARIZONA REAL ESTATE BROKERAGE FIRM REPRESENTING SOUTHWEST PHOENIX, MARICOPA COUNTY, PINAL COUNTY, EAST VALLEY CITIES,CHANDLER, GILBERT, MESA, TEMPE, QUEENCREEK, APACHE JUNCTION | |
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RELOCATING TO ARIZONA?
Click these links to view: Information & Links, EastValley Communities, State Government, School Locator, Weather Report, [Search MLS Listings]. Arizona State Map Collection geology.com
Information & Resources to Plan A Successful Move www.protectyourmove.gov
FIRST-TIME HOMEBUYER CREDIT EXTENDED TO APRIL 30, 2010; SOME CURRENT HOMEOWNERS NOW ALSO QUALIFY
WASHINGTON — A new law that went into effect Nov. 6 extends the first-time homebuyer credit five months and expands the eligibility requirements for purchasers. The Worker, Homeownership, and Business Assistance Act of 2009 extends the deadline for qualifying home purchases from Nov. 30, 2009, to April 30, 2010. Additionally, if a buyer enters into a binding contract by April 30, 2010, the buyer has until June 30, 2010, to settle on the purchase.
The maximum credit amount remains at $8,000 for a first-time homebuyer –– that is, a buyer who has not owned a primary residence during the three years up to the date of purchase. The new law also provides a “long-time resident” credit of up to $6,500 to others who do not qualify as “first-time homebuyers.” To qualify this way, a buyer must have owned and used the same home as a principal or primary residence for at least five consecutive years of the eight-year period ending on the date of purchase of a new home as a primary residence. For more information visit: www.irs.gov
Garner Realty Group is providing the information on this web site for general guidance only. The information on this site does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind nor should it be construed as such. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action on this information, you should consult a qualified professional adviser to whom you have provided all of the facts applicable to your particular situation or question.
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