Real Estate Agent Jim Hinton,
Jim Hinton,
330-777-0076
Cutler Real Estate Fairlawn
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Home Buyer Tax Credit 

First Time Home Buyer Guidelines

• Up to $8,000 tax credit (based on 10% of sale price of home purchased).

• No ownership interest in a principal residence for 3 years prior to purchase.

Current Home Owner Guidelines (NEW)

• Up to $6500 tax credit (based on 10% of sale price of home purchased).

• Home SOLD or being SOLD must have been principal residence

consecutively for 5 of the previous 8 years.

Additional Guidelines

• Income limits: $125,000 single or $225,000 married.

• Written binding contract to purchase prior to April 30, 2010.

• Purchaser will have until July 1, 2010 to close.


CLICK HERE TO SEE CHANGES TO THE HOMEBUYER TAX CREDIT


 

Get more information from the following links.

 Federal Housing Tax Credit 

American Recovery and Reinvestment Act of 2009

National Association Of Realtors-Ken Trepeta

FIRST TIME HOME BUYERS - NOW IS THE TIME TO BUY!!!

  • $8,000 Tax Credit (purchase before April 30, 2010)
  • Interest rates at or near 50 year lows
  • Motivated Sellers
  • Large Inventory to choose from

Use "My Homefinder" to start searching all of the listings in your price range.

Contact Me to discuss the home buying process

 

10 Most Affordable Cities to Buy a Home

 
More people can afford a house today than in at least five years, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index.

A family earning the national median income of $61,500 a year would be able to buy more than 60 percent of all homes sold in the last three months of 2008 by committing less than 28 percent of their total income toward paying the mortgage, the report found.

That figure is up 56.1 percent from the third quarter of 2008 and up 46.6 percent from what it was at the end of 2007.

According to the Index, the most affordable cities and their median prices are:

  1. Indianapolis, Ind., $103,000
  2. Warren, Mich. $125,000
  3. Youngstown, Ohio, $73,000
  4. Detroit, Mich., $90,000
  5. Grand Rapids, Mich. $102,000
  6. Syracuse, N.Y., $88,000
  7. Dayton, Ohio, $90,000
  8. Akron, Ohio, $90,000
  9. Cleveland, Ohio, $100,000
  10. Scranton, Pa., $85,000
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 09/06/2010. The listing information on this page last changed on 09/06/2010. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Wayne MLS (last updated Mon 09/06/2010 2:00:17 AM EST) or NEOHREX (last updated Mon 09/06/2010 10:45:01 AM EST). Real estate listings held by brokerage firms other than Cutler Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved. --
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