Nov. 12, 2009--How much more luck can a 1st time homebuyer have in today Real Estate Marketplace!! Congrats to you all. This is from www.irs.gov. Congrats also to long term home buyers; there $$$ money for you in this new legislation.

1. 1st time home buyers: Buy a home on/before 4/30/2010 can close (settle) by 6/30/2010 for an $8000 tax credit available on either 2009 or 2010 taxes. (Only if you've NOT been a home owner for the last 3 years)

2. Long term homebuyer: Same dates as above, $6500 tax credit, must have lived in your principal residence for 5 consecutive years during the last 8 years.

3. Income limits: phases out between $125K-$145K (single people) or $225K-245K (joint filers)

Contact your accountant from further details. Call The JOHNandJOHN Team to find that next home. The HOLIDAY are the best times for buyers to pick up real estate bargains.