I'm providing a link to a site which helps answer questions regarding the tax credit for First-Time Buyers as well as Repeat Buyers…Many have questions regarding this program and its benefits.
Because this credit is received when filing your Federal Tax Return…many questions should be answered within this link, however more technical questions should be forwarded to a CPA or someone that is a tax professional. You would be surprised (maybe not) as to how many combinations or ways many try to take advantage of this program and unfortunately because the credit is issued through the IRS having a tax professional from a liability perspective may be the best way to have many of these questions answered. Have a great day http://ping.fm/oAkW6
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Thursday, January 28, 2010
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3-4 Reasons to Buy a Home Now
http://www2.cabr.org/files/6monthschartconsumerisimarticle.pdf
This link shows a graph with June-Nov. 2009 local home sales vs. the same period one year ago in the Cincinnati Area. All 6 months in 2009 beat the previous year!
The article also covers the topic of (1) low mortgage rates, (2) ample supply of homes for sale…but shrinking, (3) remaining time with the home buyer tax credit, and (4) the possibility that FHA could raise its down payment requirements from 3 ½ % to 5% sometime in 2010.
This link shows a graph with June-Nov. 2009 local home sales vs. the same period one year ago in the Cincinnati Area. All 6 months in 2009 beat the previous year!
The article also covers the topic of (1) low mortgage rates, (2) ample supply of homes for sale…but shrinking, (3) remaining time with the home buyer tax credit, and (4) the possibility that FHA could raise its down payment requirements from 3 ½ % to 5% sometime in 2010.
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