Market Advantage Real Estate

Sellers and Buyers

Regardless of if you are planning on buying a home or selling one, you will find the right place to start above.

Feature	Credit ending Nov 30th, 2009	New Credit ends Apr 30th, 2010

Buying First Home Credit	$8,000 ($4,000 married filing sep)	$8,000 ($4,000 married filing sep)

Buying First Home Eligibility	Must have had no interest in a principal residence for previous 3 years	Same

Current homeowner Credit	No Plan	$6,500 ($3,250 married filing separate)

Effective Date - Current Owner	N/A	Date of Enactment

Current homeowner Eligibility	N/A	Must have used sale property as principal residence for 5 consecutive years of the last 8

Termination of Credit	Post Nov 30th, 2009	Post April 30th, 2010

Binding Contract Rule	N/A	So long as a written binding contract to purchase is in effect on April 30th, 2010, closing must occur prior to July 1st, 2010

Income Limit	$75,000- Single, $150,000 married	$125,000 - Single, $225,000 - Married

Max Purchase Cost	N/A	$800,000 Effective Date of Enactment

Purchase by a Dependent	N/A	Dependents are Ineligible Buyers as of date of enactment

Anti-fraud Rule	N/A	Documentation of purchase required to be attached to tax return