Keller Williams Greater Seattle, Ben Kakimoto, Seattle Condo Agent

Revised first-time homebuyer tax credit

By on February 16, 2009 in Condo News, Mortgage, Real Estate with 1 Comment

The final version of the $787 billion stimulus bill revises the existing $7,500 first-time homebuyers tax credit. The major changes include an increase of the credit to $8,000, elimination of the payback option, recaptures the full amount if home/condo is sold within three years and extends the credit to properties purchased by November 30, 2009.

$8000 tax credit

PDF version of the chart


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  1. February 2009 condo market update | The Seattle Condo Blog | March 5, 2009

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