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TAKEN FROM: cnyrealtors.com "President Barack Obama has signed into law a bill that includes an extension and expansion of the current homebuyer tax credit, an important step in ensuring a real estate and economic recovery. The measure extends the present $8,000 tax credit for first-time homebuyers through April 30, 2010. Current homeowners are eligible for a $6,500 tax credit through April 30, provided they have lived in the home they are selling, or have sold, as principal residence for five consecutive years in the past eight years. If potential homebuyers have a binding contract on or before that date, they will have until July 1 to close the transaction. Income limits for eligible homebuyers are expanded to $125,000 for single buyers and $225,000 for couples. The purchase price of the home cannot exceed $800,000. To help guard against fraud, buyers are required to attach documentation of purchase to their tax return."
Did you know that sellers who choose to use a real estate professional will make on the average 16 percent more on the sale of their home? Now is the time to buy or sell property. This is an ideal time for the first- time home buyer. In 2009 the tax incentive for first- buyers increased from $7,500 to $8,000. This incentive applies to purchases on or after January 1, 2009 to December 1, 2009. Homes purchased must be the primary residence. For more information go to cnyrealtor.com, click on the blue adds on the home page with the dollar signs or click on buyers/sellers, helpful hints.
It is possible to do a Property Search within this site. Our office belongs to two MLS Systems, Ithaca/Tompkins County and Cayuga/Greater Syracuse area, which now includes the Cortland area.
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