Sellers hope expiring tax credits spur sales

photo by Hampton Roads PartnershipHomeowners in Hampton Roads are working hard to sell before the homebuyer tax credits expire next month. Two credits are available: $8,000 for first-time buyers or buyers who haven't owned a home in three years, and $6,500 for those who've owned their current or latest home for five years.

To qualify for the credit, buyers have to sign a contract by April 30 -- a powerful incentive that property owners hope to take advantage of.

Read more in The Virginian-Pilot....

Posted on Sunday, March 28, 2010 - 2:48pm