SELLERS:
The government is now offering a $6,500 tax credit to those who sell their home that have lived in it for 5 or more years. This is money from the government that you don't have to pay back. This incentive expires April 30th 2010.
1st TIME HOME BUYERS:
The $8,000 1st Time Home Buyer Tax Credit has been extended to April 30th 2010. This is money from the government that you don't have to payback. Interest rates are still low. It's a great time to buy.
See this recent article in the Peoria Journal Star that talks about the 1st Time Home Buyer Tax Credit and how it has helped boost sales in the Peoria area:
http://www.pjstar.com/business/x89205266/November-home-sales-see-stimulus-fueled-jump
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