Important information about the economic stimulus package.
- 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, MCC OHFA
- No repayment (homes purchased after January 1, 2009)
- Recapture (if home is sold within 3 years)
- Ends December 1, 2009
- Effective January 1, 2009
Central Ohio is very affordable.
The image is an ecard from Real Living. I am an agent with Real Living HER Worthington
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This post was written by Maureen McCabe of Real Living HER
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Website: MaureenMcCabe.com
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All information is deemed to be accurate but should be verified to your satisfaction. The information provided herein is supplied by several sources and is subject to change without notice. Opinions expressed are solely those of Maureen McCabe.
Great thing to include in a "Meet the first time buyer" package...or as a PDF file to your web buyers....happy spring Maureen...wish summer would find you visiting your home state...the welcome mat is always out...just don't bring your white gloves....dust is a protective covering for furniture...my mother said...so it HAS to be true !
Hi Maureen... Real Living does not have much of a presence here in Dallas, but I notice that you post a lot of their marketing materials and I like them a lot. I especially like how in this one they worked on "Real" Advice to reinforce the brand. :)
I read the title & said, YES!
Hi Maureen - this post is a great reminder for all of us to get the word out about this program even though it's been all over the news. Explaining that it's good for all those types of real estate and just what the 'first-time buyer' really means helps a lot of buyers.
Ann
: -)