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President Obama signed into law legislation that extends and expands the first-time homebuyer tax credit this morning. This enacts the legislation into law making the extension and expansion effective immediately after today. To learn more about the jobless benefit extension and the extension of the homebuyer tax credit visit: Obama signs jobless benefit extension.
Who Qualifies for the Extended Credit?
First-time homebuyers who purchase after today
Current homeowners purchasing a new principal residence after today (November 6, 2009) and before April 30, 2010, who have used the home being sold or vacated as a principal residence for five consecutive years within the last eight.
So long as a written binding contract to purchase is in effect on April 30, 2010, the purchaser will have until July 1, 2010 to close.
Thank you for your efforts to make this success a reality! In Oregon, more than 2,500 REALTORS® joined the National Association of REALTORS® in this political endeavor.
National Association of REALTORS® Resources:
The Basics: Extended Home Buyer Tax Credit 2009-10
Taste of Portland
Join us for an evening of excitement, food, and drink
Thursday, September 16th
6:00PM—9:00PM
Oregon Golf Club,
West Linn, OR
Click here for event flyer
Click here to purchase tickets online
Announcing the new Seller’s Advisory
You’ve been using the Buyer Advisory for years to provide important information about buying real property to your buyer clients. Now you can do the same for your seller clients. The Seller’s Advisory has the same kind of detailed information as the Buyer Advisory, only for sellers. You can even download the Advisory and put it on your own website (cost-free licensing agreement required). This is a great opportunity to provide your seller clients with important information about selling property in Oregon!
