Tax Credit Expanded to Include All Buyers

November 6, 2009 - President Barack Obama has approved the updated homebuyer tax credit to extend the tax credit until April 30, 2010.

The bill extends the $8,000 tax credit for first time homebuyers from the current November 30 deadline and expands the program to offer a credit of up to $6,500 to homeowners who have lived in their current home for at least five years and are seeking to relocate.

The following details apply to the homebuyer tax credit expansion:

• First-time homebuyers and buyers that have not owned a home in the past 3 years prior to the purchase may be eligible for up to an $8,000 tax credit.

• Existing homeowners who have been residing in their principal residence for five consecutive years out of the last eight and are purchasing a home to be their principal residence (“repeat buyer”), may be eligible for up to a $6,500 tax credit.

• Income limits for single first-time homebuyers is up to $125,000, or up to $225,000 for married couples filing a joint tax return.

• The eligibility period for the tax credit is for homes purchased after Nov. 6, 2009, and before May 1, 2010. However, home purchases subject to a binding sales contract signed by April 30, 2010, will qualify for the tax credit provided closing occurs prior to July 1, 2010.

• All homes being used as principle residence with a purchase price of less than $800,000 qualify, including newly-constructed or resale, and single-family detached, townhomes or condominiums.

• Vacation homes and rental property purchases do NOT qualify.

• All qualified homebuyers can take the tax credit on their 2009 or 2010 income tax return.

• The tax credit does not have to be repaid unless the home owner sells or stops using the home as their principal residence within three years after the purchase.

If you are thinking of buying a home, please call me at 603-821-8600 to schedule a free consultation or visit my website to schedule an online request or to register for the VIP Buyer Program.



Posted by Neal Harrington on November 12, 2009 at 11:34 AM

About Neal Harrington
I specialize in representing my clients in the purchase and sales of single-family homes and income properties within Southern New Hampshire and Northern Massachusetts.

I have been a real estate broker in New England since 1992 and am currently licensed in both New Hampshire and Massachusetts. I continuously update and hone my skills through continuing education and personal research in order to provide quality service to homeowners and future homeowners alike.

I am continuously improving my marketing skills and have adopted a strong commitment to service. This has proven to be a successful combination within the real estate community for many years.

As an associate Broker with Re/Max Properties, I provide free consultations with all home buyers and sellers I work with in order to determine the best course of action for their needs and to provide a “road map” to carry out that course of action.

Call or email me to schedule a consultation in order to determine your next course of action and to provide you with that road map to help you find your way to your next home.




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Local Information for Nashua, NH

Latitude: 42.751038 -- Longitude: -71.480817


ZIP Codes for Nashua, New Hampshire 03060  03061  03062  03063  03064 
Area Code for Nashua, New Hampshire 603
Time zone for Nashua, New Hampshire EST



Other Area Cities:   Nashua, NH  Manchester, NH  Amherst, NH  Brookline, NH  Derry, NH  Hollis, NH  Hudson, NH  Londonderry, NH  Milford, NH  Pelham, NH 

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Nashua is a city in Hillsborough County, New Hampshire, USA. As of the 2000 census, Nashua had a total population of 86,605, making it the second largest city in the state after Manchester. As of 2005, the population is estimated to be 87,986.[1]Built around the now-departed textile industry, in recent decades it has been swept up in southern New Hampshire's economic expansion as part of the Boston region. Nashua was twice named "Best Place to Live in America" in annual surveys by Money magazine.[2] It is the only city to get the No. 1 ranking two times—in 1987 and 1997. The median income for a household in the city was $51,969, and the median income for a family was $61,102. Males had a median income of $43,893 versus $29,171 for females. The per capita income for the city was $25,209. About 5.0% of families and 6.8% of the population were below the poverty line, including 8.7% of those under age 18 and 6.4% of those age 65 or over. -- Source: Wikipedia.com




New Hampshire 2000 Census Population Profile Map

Nashua New Hampshire United States
Population 86,605 1,235,786 281,421,906
Median age 35.8 37.1 35.3
Median age for Male 34.7 36.4 34
Median age for Female 36.9 37.8 36.5
Households 34,614 474,606 105,480,101
Household population 85,202 1,200,247 273,643,273
Average household size 2.46 2.53 2.59
Families 22,083 323,651 71,787,347
Average family size 3.05 3.03 3.14
Housing units 35,387 547,024 115,904,641
Occupied units 34,614 474,606 105,480,101
Vacant units 773 72,418 10,424,540

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Neal Harrington - REMAX Properties
Neal Harrington
REMAX Properties


169 Daniel Webster Hwy.
Nashua, NH 03060

VOICE: 603-821-8600

FAX: 603-484-0069



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