Recently I read an article on Realty Times about the tax credit for non-first time homebuyers. Did you know that it may be used for “move down” buyers as well as “move up” buyers?
There are some caveats – the home cannot cost more than $800,000 and a couple cannot earn more than $255,000 per year. Owners must have been in the home for five consecutive years of the last eight. This may be the ideal help for Silicon Valley seniors wanting to downsize.
To read the article on Realty Times, click here.