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IT IS OFFICIAL! Buyer Credit extended and enhanced by President Obama

By Pam Oster

Real Estate Agent with eXp REALTY, OHIO

November 06, 2009 05:25 AM

11/06/09

It's OFFICIAL... President Obama JUST SIGNED into law an economic stimulus bill providing incentives to prospective homebuyers! This is terrific news for first timers and repeat buyers in the North Canton, Ohio area and beyond.

The brief overview: This bill is extending the popular $8,000 CREDIT for first-time homebuyers and the program is expanded to include a $6,500 CREDIT for existing homeowners who buy another home (after living in their current residence for at least five years).

Opportunity is knocking for buyers and sellers! Call DeHOFF REALTOR Pam Oster for more information and assistance on buying and selling homes in the Stark County, Ohio region. It would be my pleasure to assist all of your real estate needs!

Start your home shopping at: www.officialstarkcountyhomes.info

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Angela Niece

REMAX Results - Eden Prairie, MN

I still have not heard if the bill requires the existing home owner to sell their home.

Nov 06, 2009 05:27 AM

Pam Oster

eXp REALTY, OHIO - Akron Canton Region Airport, OH

REALTOR

Hello, sounds like sold recently or selling. NAR has a chart that I printed and it columns what the credit was and is now- and uses the wording "sold or being sold as a principal residence consecutively for 5 of the previous 8 years". And as it does not cover investment homes, suspect that is part of the condition (sold). Good Luck and Happy Selling!

Nov 06, 2009 05:36 AM

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Pam Oster

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