GREAT NEWS!  The bill has passed the Senate and should reach the House by Thursday and then on to the President for his signature.

First Time Home Buyers would receive the $8,000 tax credit if they sign a contract by April 30th and close by June 30th.  The plan also has a provision for those homeowners who have owned their current home for at least 5 consecutive years in the previous eight years.  They would be eligible for a $6,500 tax credit.

There are limits on the price of the home which is $800,000.  In addition, the cap on income for individuals is $125,000 and for couples $225,000.  Stay tuned for more information.

For complete details on everything Cape Coral Florida Real Estate, visit our website at http://www.livingincapecoralnow.com or www.dancraddock.com.