Yikes! I guess our poor blog was neglected this week. Sorry about that. It's just been a little crazy around here with all the people calling us and asking us about the $5,000 grant that is being offered in our community to help people buy homes.
Yeah, you read that right. There is a program here that each year offers people $5,000 to help them purchase homes. It's a grant with a couple of strings attached but not unreasonable ones. The first one is that the buyer(s) can't make over a certain amount of money. That amount is based upon how many people live in the house and what county the house is in. The second string is that the grant has to be paid back, proportionately, if the house is sold within 5 years.
There are a few more, but it's really like getting free money. Talking about free money, the Tax rebates are going to expire in just a little over a month. Up to $8,000 for people who haven't owned a home in the past 3 years and up to $6,500 for people who currently own their home and lived in it for 5 of last 8 years who are buying another one. This program runs out April 30th, 2010! You must have a contract accepted by then to get it.
Together, a first time home buyer can literally buy a $80,000 house and owe only $67,000 on it! It's almost like putting close to 20% down!
It's crazy...which again explains why we've neglected our blog this week.
Give us a call. Let us help you buy a house.
Scott
Our view of Northwest Ohio homes and other real estate from a company that gives back to the communities of Defiance, Henry, Paulding, Williams, Fulton and Putnam counties.
Showing posts with label Tax Rebate. Show all posts
Showing posts with label Tax Rebate. Show all posts
Friday, March 26, 2010
Friday, March 19, 2010
WARNING: BEAT THE RUSH!
I had a conversation today with another real estate agent today that stemmed a thought in my head. We were talking about how so many potential buyers seem to be "riding the fence" when it comes to making a decision whether to purchase a home or not.
I was telling him how many people we seem to be driving around looking at houses and they just can't seem to make a commitment to make an offer on the houses then it hit me.
There are so many people who have waited until the last minute to get in on the $8000 first time home buyer tax credit and the $6500 tax credit for people who own homes that, I think there is going to be a huge rush heading into April. I believe what will happen because of this is that the houses in our area will begin to be snatched up and the houses that buyers were "thinking" about will be gone. The houses that are left will possibly begin getting multiple offers because of the shrinking inventory of good houses thus resulting in higher final purchasing prices.
The market could actually switch to a seller's market, at least for a short time.
It's just a theory, but I think it has legs.
If you are one of these people riding the fence, it's time to jump before everyone else does!
I was telling him how many people we seem to be driving around looking at houses and they just can't seem to make a commitment to make an offer on the houses then it hit me.
There are so many people who have waited until the last minute to get in on the $8000 first time home buyer tax credit and the $6500 tax credit for people who own homes that, I think there is going to be a huge rush heading into April. I believe what will happen because of this is that the houses in our area will begin to be snatched up and the houses that buyers were "thinking" about will be gone. The houses that are left will possibly begin getting multiple offers because of the shrinking inventory of good houses thus resulting in higher final purchasing prices.
The market could actually switch to a seller's market, at least for a short time.
It's just a theory, but I think it has legs.
If you are one of these people riding the fence, it's time to jump before everyone else does!
Tuesday, January 19, 2010
Tax Incentives
Tax Incentives!!
April 30th 2010,
The stimulus package for current home owners and first time home buyers will be gone!!!
Don't miss out on this valuable tax credit. First time home buyers can get up to 10 percent of the purchase price, maximum of $8,000 back on their taxes at the end of the year. Current home owners who purchase a new home and have lived in their current home for at least 3 of the past 5 years are also eligible for a one time tax credit of $6,500. Talk to your tax person for specifics, but there are a lot of great reasons to be out there searching for that dream home now. Don't make the mistake of waiting to long and miss out on getting that extra cash in your pocket. In this economy every dollar counts. Interest rates are still very competitive. When you are ready to start shopping for your new home, give Realty Five agents a call and we'll get the job done. Keep your eyes on our website, http://www.realtyfive.com/, many new listings are being added daily!!
Dawn
April 30th 2010,
The stimulus package for current home owners and first time home buyers will be gone!!!
Don't miss out on this valuable tax credit. First time home buyers can get up to 10 percent of the purchase price, maximum of $8,000 back on their taxes at the end of the year. Current home owners who purchase a new home and have lived in their current home for at least 3 of the past 5 years are also eligible for a one time tax credit of $6,500. Talk to your tax person for specifics, but there are a lot of great reasons to be out there searching for that dream home now. Don't make the mistake of waiting to long and miss out on getting that extra cash in your pocket. In this economy every dollar counts. Interest rates are still very competitive. When you are ready to start shopping for your new home, give Realty Five agents a call and we'll get the job done. Keep your eyes on our website, http://www.realtyfive.com/, many new listings are being added daily!!
Dawn
Thursday, October 8, 2009
Time is Running Out!
If you haven't owned a home in the past three years and you've been thinking about getting one, you better act fast! The $8,000 tax rebate is going to expire on December 1, 2009. Good things eventually end and this is one of them. You say you haven't heard about this. Well, our rich uncle, Uncle Sam, decided to stimulate home purchases so he set it up for people to get a tax rebate for purchasing a home. The rebate is in cash and is 10% of the purchase price of the home up to $8,000. A buyer has to be a first time homebuyer as defined as someone who hasn't owned a home in the past 3 years.
Don't wait any longer time is of the essence. If you have questions just ask your favorite real estate agent.
Don't wait any longer time is of the essence. If you have questions just ask your favorite real estate agent.
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