First time home buyers got benefit from homebuyer tax credit stimulus initiated by Obama’s administration. As you are a homeowner who is thinking to get a bigger home for your family, you must be wondering to get the same stimulus in this difficult time.

Good news for you! Federal Government will extend this stimulus program, not only the period until 30 April, 2010 but also extends it to homeowners who want to buy new home. If you are living in your present home for consecutive five years period, you will be eligible for up to $6,500 real estate benefit. Don’t hesitate to visit Coldwell Banker website to get more information about homebuyer tax credit. You will find an interesting video presenting brief presentation about Real Estate Tax Benefit from this stimulus program.

This video gives the same information for homeowner as well as first time homebuyer. It describes all requirements to be eligible to homebuyer tax credit benefit. From income limitation, home price limits, contract rule, and other requirements are clearly described in this video. Inside this video it is also mentioned that this tax credit doesn’t need to be repaid unless you sells the home within 3 years. Come to Coldwell Banker to find out how you can eligible for this tax benefit and get a chance for a new house for your family.