As I Live and Learn
 

Sunday, November 08, 2009

The Time Was Right, They Said

People kept saying to me when they heard I was buying or had bought a house, "Oh how great. And you get that $8000 from the government!"

And I'd have to say, "No, I don't."

And they'd look at me, and after a moment realize and go, "Oohh, not your first home. Too bad."

Well, guess what..., I got an e-mail from my Senator the other day to tell me what bills had passed in the Senate (and therefore had passed Congress and was going to the President for his signature). Here's the relevant part:

It also included an extension of the successful first-time homebuyers tax credit through June 30, 2010. It expands the credit to help existing homeowners as well: if you have lived in your current home for at least five years, you can qualify for up to a $6,500 credit when you buy a new home. The homebuyers tax credit has already created thousands of jobs across the country.

AHHHHHHH! Does that apply to the time period when I bought my new house?? (September 04, 2009) Or is it going to be from whenever it becomes law forward?!? Did I miss BOTH tax credits because of timing? I didn't wait. I had already waited over a year trying to sell my condo before buying. We were supposed to be buying homes NOW, 2009, not waiting yet another year. *bites lip*

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Comments

Blogger trekker9er said:
Realtor.org's information says I'm SOL:

"Expands the credit to grant up to $6,500 credit to current home owners purchasing a new or existing home between November 7, 2009 and April 30, 2010."

*sigh*
 

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