Schuman Team Buyer Tips – Tax Credit To Assist Buyers

 TAX CREDIT TO ASSIST FIRST-TIME BUYERS

The recently enacted tax credit will allow more first-time buyers an opportunity to make their dreams of home ownership a realty.

A tax credit of up to $8,000 is now available for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009. Unlike the tax credit enacted in 2008, the new credit does not have to be repaid.

First-time buyers

Here is some specific information on the $8,000 Home Buyer Tax Credit:

  • The tax credit is for first-time home buyers only.
  • The tax credit does not have to be repaid.
  • The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $8,000.
  • The credit is available for homes purchased on or after January 1, 2009 and before December 1, 2009.
  • Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.

 

 

The following website has a FAQ page that has some very useful information:

www.federalhousingtaxcredit.com

To see all homes currently on the market in the Cleveland area, click here. For a personal consultation or to speak directly to The Schuman Team, call 216-346-3235.

Click below to view other helpful information for buyers and sellers:

The First Step To Buying a Home – Get Pre-Approved For A Loan

Solon Bank Owned Properties

Home Staging and Why It Is Imporant To Today’s Sellers

Schuman Team Staging Tips – First Impression Is Key

Schuman Team Staging Tips – Define Rooms To Get Top Dollar

Cleveland Area Luxury Home Marketing Group Created

Solon Ohio – A Special Community

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If you are looking to buy or sell a home in Bainbridge, BeachwoodMoreland HillsOrange, Pepper Pike, Solon or the surrounding Eastern suburbs, please contact us as we would be happy to show you why people love working with the Schuman Team.

The Schuman Team uses their home staging expertise to sell listings quicker and for more money. The average home in the Cleveland area sold in over 100 days in 2008 and our listings sold in less than 60 days. The Schuman Team specializes in luxury homes and are members of the Luxury Home Consultants of Keller Williams Realty Greater Cleveland and of the prestigious Institute for Luxury Home Marketing, the premier independent authority in training and certification for real estate agents working in the luxury home market. We also work extensively with buyers and sellers who are relocating in or out of the area. Check out our great relocation package.

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