Angie Goodman, Broker Associate

President Obama signed for the legislative extension of the $8000 tax credit for first time homebuyers this week. With this extension, the loan limits were increased. Essentially the extension states the homebuyer must be under contract on a home by April 30, 2010 with closing taking place before June 30, 2010.

Another huge plus for homebuyers in general was the addition of a $6500 tax credit for "move up" buyers. Guidelines are that you must have owned your home for at least 5 years and purchasing another home with the same time frame as the first time homebuyers to qualify for this tax credit.

Congress is doing some good things to get and keep the real estate market moving. It is a step in the right direction because as real estate goes, so does the economy.

If you desire more information about these tax credits, give me a call at 850-321-4666. I'm here to help you make "good moves" in real estate.

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*Keller Williams Realty received the highest numerical score among full service real estate firms for home buyers in the proprietary J.D. Power and Associates 2008-2009 Home Buyer/Seller StudySM. 2009 Study based on 3,138 total evaluations measuring 7 firms and measures opinions of individuals who bought a home between March 2008 and April 2009. Proprietary study results are based on experiences and perceptions of consumers surveyed April-June 2009. Your experiences may vary. Visit jdpower.com