Ar_home_b_search
 

The First Time Home Buyer Tax Credit was signed by the President today as part of the American Recovery and Reinvestment Act.  It modified the program that went into effect in April 2008. 

chart from Real Living about First Time Home Buyers Tax Credit

  • Lesser of 10% of cost of the home or $8000 tax credit
  • All principal residences (single family, condo, fee simple townhouse) are eligible
  • Refundable
  • Income limit of $75,000  ($150,000 for couples)
  • First time home buyer (someone who has not owned a principal residence in 3 years)
  • Can use local or state revenue bond financing as well
  • No repayment (homes purchased after January 1, 2009)
  • Recapture (if home is sold within 3 years)
  • Ends December 1, 2009
  • Effective January 1, 2009


This is a national program but there are some great Central Ohio homes for “first time buyers” (a first time buyer is someone who has not owned a home in three years.)

 

Home Search

Sign Up to buy a home


Edit:  source

It's from the NAR at http://www.realtor.org/government_affairs/gapublic/american_recovery_reinvestment_act_home (in the Homebuyer Tax Credit section)

See comment providing attribution.

------------------------------------------------------------------------------------------

This post provided by Maureen McCabe of Real Living HER

Contact 614.388.8249

Website: MaureenMcCabe.com

Search Central Ohio homes Online


email: MaureenatMaureenMcCabe.com   @

Information is deemed to be accurate but should be verified to your satisfaction.  Information provided herein is supplied by several sources and is subject to change without notice.  Opinions expressed are solely those of Maureen McCabe.

Non Member comments closed due to heavy spam! 


 

 

8 Comments on Columbus - First Time Home Buyer Tax Credit

FEB
17
2009
211,928 Points 4 Featured Posts Outside Blog

Good info, Maureen.  It seems that the rules for this credit change by the moment.  It's confusing for those of us that are supposed to be 'in the know' so it's really got to be confusing for the consumer.  Hope your market perks up and this proves to be a true stimuli.
8:01pm • #1
1,193,870 Points 89 Featured Posts Localism Sponsor Outside Blog Called Shot Master

I think this is it and I am clear on what is in it and what is not.  I read something though that said it could be amended.  I suppose anything can change.
8:17pm • #2
708,942 Points 63 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Hi Maureen... I love how clear and understandable your info on this topic is presented.  Thanks for sharing it.
11:06pm • #3
FEB
18
2009
1,193,870 Points 89 Featured Posts Localism Sponsor Outside Blog Called Shot Master

thanks. Real Living did a good job of keeping us updated through all the gyratiions,  this chart was posted via pdf.  Kristal Kraft shared the same chart so I am wondering where it came from.  No attribution makes me nervous,
4:51am • #4
FEB
21
2009

I'm seeing that chart on a lot of blogs with no attribution (which isn't right. Anything like that should be properly attributed.)

It's from the NAR at http://www.realtor.org/government_affairs/gapublic/american_recovery_reinvestment_act_home (in the Homebuyer Tax Credit section)
Jay Thompson
6:26pm • #5
FEB
22
2009
1,193,870 Points 89 Featured Posts Localism Sponsor Outside Blog Called Shot Master

thanks
5:11am • #6
SEP
20
1,193,870 Points 89 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Comments on this old post closed because of spam!
8:13am • #11
SEP
24
nIfQ1j lghqxkjsdqia
dvkhoipuqw
11:55am • #12

This blog does not allow anonymous comments
 
Photo_072109_049_polaroid Ambassador_large

Maureen McCabe Columbus Ohio real estate

Columbus, OH

More about me…

Real Living HER - HER Realtors

Office Phone: (614) 388-8249

Email Me

A blog written by an agent with Real Living HER in Columbus Ohio.




Listings

Links

Archives

RSS 2.0 Feed for this blog