Does anyone actually know?
With 11,000 pages I’m sure the number of politicians that actually read it – not counting aides – is in the single digits. But, what does it mean in Delaware, Ohio?
Well the American Recovery and Reinvestment Act originally had a $15,000 housing grant to anyone that bought a house this year. It was cut at the last minute and replaced with an $8,000 first-time home buyer tax credit. Buy a home, for the first time before December 1, 2009, and you can claim an $8,000 credit on your 2010 taxes.
This is a nice extension over the former “tax credit” which required repayment, however this does have a three-year ownership requirement if you claim the credit.
In addition, the bill reinstated the HUD purchase limits to their 2008 levels, after they were rolled-back to the 2007 mark earlier this year.
Similar Posts:
- Home Buyer Tax Credit Extended, Expanded
- October Central Ohio Home Sales Up 25.6% Over 2008
- Central Ohio Home Sales, Price Rise; Nation Down
Sadie Lynn is the Boxer of Toby Boyce, a REALTOR with Keller Williams Consultants Realty, and Mrs. Toby. Sadie has been hearing more than she can take about real estate and Delaware since Toby became an agent in July. So, she decided to take into her own hands and created this site to share her new knowledge. Enjoy, my take on Delaware, Ohio and real estate as a general. 
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Do You Have a Real Estate Question? Ask Toby!
Good article, “Housing Industry Wants more, in today’s Dispatch. Mike Pramik talks with a Clintonville couple that has planned to put their house on the market had the $15,000 stimulus bill came to pass, but won’t because it was only $8,000.
It is all about expectations and managing them in today’s economic world.
I HAVE A QUESTION ABOUT THE FIRST HOME BUYERS PROGRAM. I BROUGHT A HOUSE BACK IN 1999 FOR 3 THOUSAND DOLLARS IN CHESTER PA… I GOT MARRIED APRIL OF 2003. MY WIFE AND I ARE INTERESTED IN A HOME IN WILMINGTON DE. CAN WE BE APPROVED FOR THE FIRST HOME BUYERS PROGRAM????
Philip,
First, I’d recomend talking to a local mortgage provider.
However if you still own the Chester home, then you probably will not qualify for the first-time home owner grant. However if you sold the home more than three years ago, then you can qualify.
Toby
Where can I take class for first time home buyers for the Delaware county? It’s seem as though I’m not able to find this information.
i am interested in buying a home with first time home help.
are the any classes in de to help with 1st time home buyers