The tax credit extension is now a reality!


Below is a chart  from NAR's website detailing the differences in the credits.

tax credit comparison chart

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

So if you have been waiting to buy because of the possible extension, IT'S TIME TO GET BACK IN THE GAME!

Be sure though, that buying a home is the right decision for you. As always, speak with an attorney or certified public accountant if you have any questions.

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If you would like to buy or sell a home in the southern communities of Cleveland Ohio, please call me at 440-263-7496, or you may want to visit my website for more specific information on the communities I service: Brecksville Ohio Real Estate, Broadview Heights Ohio Real Estate, North Royalton Ohio Real Estate Independence Ohio Real Estate, Seven Hills Ohio Real Estate, Parma Ohio Real Estate, Parma Heights Ohio Real Estate and Middleburg Heights Ohio Real Estate.  Information is obtained from Neohrex (Northeast Ohio Real Estate Exchange) and is deemed reliable but not guaranteed and should be independently verified. Properties subject to prior sale, rental, or other status changes. All properties that are advertised as being listed or sold by Barb Szabo are in conjuntion with ReMax Trinity.

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4 Comments on ***Update***Extension on Tax Credit IS a Done Deal!

NOV
06
2009
287,150 Points 26 Featured Posts Localism Sponsor Hit Router Called Shot Master

Barb, are we to assume that a move-up buyer is defined as someone buying a more expensive property to use as a primary residence regardless of if their current home is listed yet?
12:49pm • #1
430,851 Points 20 Featured Posts Localism Sponsor Outside Blog

Good questions Dan. It says "Must have used the home sold or being sold as a primary residence consecutively for 5 of the previous 8 years."  This implies that the move up buyer has to sell in order to take advantage, but I'm not positive.
12:55pm • #2
1,260,905 Points 2 Featured Posts Outside Blog Hit Router

Barb

It's a good thing this passed; even better is the fact that existing buyers can now get more motivated.
4:01pm • #3
430,851 Points 20 Featured Posts Localism Sponsor Outside Blog

Tom, I know. I have an agent with some interested move up buyers for a listing of mine and I am hoping this is the catalyst they need.
4:12pm • #4

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Barb Szabo E-pro Realtor® Cleveland Ohio Homes

Cleveland, OH

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RE/MAX Trinity

Address: 7570 Chippewa Rd., Brecksville , OH, 44141

Office Phone: (440) 546-1313 x 38

Cell Phone: (440) 263-7496

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