Don’t Forget About The First-Time Homebuyer Tax Credit

All My Sons of Austin has mentioned the First-Time Homebuyer Tax Credit of up to $8,000 before but we just want to remind people that it’s extended until April 30, 2010. This legislation was passed by Congress in order to stimulate the U.S. housing market. So if you’re in the market to buy a home, you should take advantage. To qualify as a ‘first-time homebuyer’, you can’t have owned a residence in the past. The house you’d potentially want to buy can represent all types of homes, single-family homes, condos, townhouses and co-ops. The buyer’s credit amount will be determined based on the price of the home and the buyer’s income. Under this legislation, the credit may only be awarded on homes that are bought for less than $800,000. So as long as you have a written biding contract to purchase a property by April 30,2010, you’ll have until July 1, 2010 to actually close. If you find a dream home in the Austin area, don’t forget your professional movers, the Austin local movers to do the move for you. All My Sons of Austin is licensed and insured and has a great reputation when it comes to moving services.