December 15th, 2009 Phyllis Wolborsky Posted in Real Estate Services

The $8,000 home buyer’s tax credit has been extended to Raleigh, North Carolina homes that enter into  binding contracts before April 30 and closed no later than June 30, 2010.

This tax credit is offered to first-time homebuyers AND qualifying long-term homeowners.  Therefore if this is the first home you have ever owned you qualify but if you have lived in your home for at least five out of the last eight years you also qualify. This means that “empty nesters” can sell their larger homes once the children have moved out and purchase a smaller residence and qualify for the tax credit.

Keep in mind that only homes under $800,000. qualify and the homebuyer must be at least 18 years of age.

If you would like more information about this tax credit and to find out if you qualify for it, please contact Phyllis Wolborsky & The Wolborsky Team.

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