Homeowners receive up to $6,500 tax credit
This is amazing offer for homeowners who have lived in a current home at least for 5 years. They can receive up to $6,500 tax credit. Yah, this is a great deal in real estate.
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This offer also for first time homebuyers, or those who have not owned in the last three years, can receive up to an $8,000 tax credit. This offer will be close June 30, 2010. The most interesting are everybody could partispate in this program or who has Income limits are now $125,000 for singles, $225,000 for married couples with a $20,000 phase-out of the credit for both.
According to The National Association of Realtors News Release, dated 11/5/09, an estimated $22 billion has already been added to the general economy resulting from the bill and approximately 2 million people will utilize the tax credit in 2009.
Coldwell Banker organization has been a premier full-service real estate provider. The Coldwell Banker System has approximately 3,500 residential real estate offices and approximately 100,000 sales associates in 47 countries and territories. The Coldwell Banker System is a leader in the industry in residential and commercial real estate, and in niche markets such as resort, new home and luxury property through its Coldwell Banker Previews International® division.
