Here it is, the last stage. The president has signed the tax credit extension. They have also included buyers who already own a home.

Here are the highlights:

• Extended until April 30, 2010
• 1st time home buyer = $8000
• Current homeowner / non-first time = $6500, 5 of the past 8 years, can't be a seasonal home or investment property, goes in effect December 1, 2009

Here's how it works: You buy a home buy the indicated dates then you will get a tax credit of up to $8000 or $6500 for current owners. If you only paid $5000 in, then that's your credit. You may also elect to claim 0 and not pay taxes. I would not recommend this as you will get accustomed to a higher pay. Plus next year you will get a lump sum that could go towards a rainy day fund, home improvement's or other investment.

MORE INFO @:

Flagstaff Homes & Land: http://www.villagelandshoppe.com Also see: Green Flagstaff Real Estate http://www.greenflagstaffrealestate.com, Flagstaff Real Estate Blog: http://www.flagstaffrealestateblog.com,  Flagstaff Homes: http://www.flagstaffhomes.net, Flagstaff Real Estate: http://www.flagstaffrealestatehomes.com, Rural Flagstaff Real Estate: http://www.yourflagstaffhomes.com