Good Monday morning to you!!!!

Remember that if you or someone you know is looking to buy and get the first time Home Buyer's Tax Credit, they need to be in contract by the end of April and close by the end of June.

This also goes for the $6500 Tax Credit for current home owners. Some have asked about details on this issue. They are as follows:

  • The credit is available for homes that go under contract by April 30, 2010 and close by June 30th, 2010.
  • Current homeowners can claim a $6,500 credit as long as the property they are vacating has been their primary residence for at least five consecutive years out of the last eight years.
  • Income limits: $125,000 a year for individuals, $225,000 a year for married couples. (these are higher limits than before)
  • Homes that cost more than $800,000 aren’t eligible for the credit.

    • Its been a great year thus far for the Bishop Team. If we can serve you or anyone you may know this week, please let us know.

    www.TheFallsHomeFinder.com - For Buyers

    www.TexomaHomeValue.com - Thinking of Selling?

    www.TexasBankOwned.com - Investing?

    www.WichitaFallsShortSale.com - Mortgage problems?

    "Dreams pass into the reality of action. From the actions stems the dream again; and this interdependence produces the highest form of living." Anais Nin