Monday, November 2, 2009

LONG HILL TOWNSHIP MARKET UPDATE - OCTOBER 2009 - FIRST TIME HOME BUYERS TAX CREDIT

LONG HILL TOWNSHIP MARKET UPDATE

October 2009

New listings - 7

Under Contract - 4

Closed Sales - 7



FIRST TIME HOME BUYER TAX CREDIT:

The first time buyers tax credit has been EXTENDED and EXPANDED! Apparently through April 30, 2010 with a 60 day extension for contracts written by that date to close. It is also EXPANDED for move-up buyers (possibly a $6500 credit) who have lived in their homes for the past 5 years.

More details to follow...we are just waiting for a final bill to be passed in the Senate...this is great news!!!

For more infor mation on Long Hill Township Real Estate or the First Time Home Buyers Tax Credit, please do not hesitate to contact me on my cell at (908) 432-5721.