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West Chester & Liberty Township OH Real Estate: Don’t Worry If You Missed Out On The Home Buyer Tax Credit

August 31, 2010 by Eric Lowry

The home buyer tax credit may be gone, but don’t worry. You may have missed out on the first time homebuyer tax credit of $8000, but the opportunities presented by today’s historically low interest rates are even better than they were this spring.  For instance… If you buy a home right now at today’s low interest rates, you can save ten’s of thousand’s of dollars!

Interest Rates Are Low!  A $200,000 30 year mortgage at the current rate of 4.60%* can save you ten’s of thousand’s of dollars over the life of the loan versus the same loan with the 5.50% rate from earlier this year!With some research you can hold the key to your new home

Buy a home now and gain so much more than what was possible with the $8000 tax credit. You really don’t want to miss out on this savings and opportunity.  On top of the great savings the low interest rates present, there is another opportunity.

The inventory of homes for sale right now is really great and the prices on many of these homes are really good. To start your home search contact us today at (513) 874-1830 or visit our website, www.LowryTeam.com.  Buying a foreclosed / bank owned home or a short sale can be a great investment opportunity under the right circumstances.  If you would like to receive a FREE list of foreclosures & short sale homes for sale you can request a list using our Foreclosure Finder Service

You can also start your Search Homes For Sale right here!

Thinking of buying a home in West Chester, Beckett Ridge or Liberty Township, Fairfield Township, Monroe or Mason Ohio?

Search the entire MLS here! Wondering what your home is worth in today’s real estate market? Request a market analysis here!

Visit My YouTube channel at: www.youtube.com/LowryTeam

Check Out My Feature Homes For Sale In West Chester, Fairfield and Liberty Township, Ohio

Filed Under: Buyers, Eric Lowry's Articles, Financing, First-time Homebuyer, Real Estate Information, Real Estate News, Short Sale / Foreclosure, Tax Credit Tagged With: 1st time homebuyers, Beckett Ridge Realtor, Buying Foreclosures, Buying Short Sales, Cincinnati, Eric Lowry, Eric's Hassle Free Listing, FHA Financing, FHA Loans, First Time homebuyers, Homes For Sale, Housing Tax Credit, Keller Williams Realty, Liberty Township Real Estate, low interest rates, LowryTeam.com, Mortgages, Ohio, Search Homes For Sale, Search The MLS, Tax Credit, West Chester Real Estate

West Chester & Liberty Township OH Real Estate: Tuesday Open House

March 16, 2010 by Eric Lowry Leave a Comment

What is Tuesday Open House??  Well, it’s clearly not an “open house”.  It is my way of throwing the doors open on the RealEstate-Ink.com blog and offering up a few quick articles and facts on real estate for the West Chester, Liberty Township, Beckett Ridge, Mason and Fairfield Township, Ohio areas.  It is not intended to be all about homes for sale, but it will be about that some of the time…

Wondering what homes are selling for in your neighborhood? Get your own personalized market update report for homes both currently for sale and homes that have sold in your neighborhood with our Market Snapshot System.  It’s quick, easy and best of all free!  The information comes straight from the Cincinnati Multiple Listing Service (MLS).  You can get yours by clicking here: 

West Chester, Liberty Township, Beckett Ridge, Fairfield Township & Mason Home Values

 

 Check out This Month In Real Estate (video) For March:

 

 

Tax Credit Reminder: The clock continues to tick down on the tax credits.  Our First Time Homebuyer eBooksare still available and there is still time to take advantage of the tax credits and these historically low interest rates. Just don’t wait too much longer.  You can read our previous article on the tax credits and First Time Homebuyers here.

 

Our Facebook Fan Page of the week is: Cincinnati Magazine.  As of this writing they have 1383 fans.  Their site has a lot of very interesting information and recommendations on Cincinnati dining, entertainment and also good neighborhood and area information.  Check it out.

While you are on facebook checking Cincinnati Magazine out, please visit and become a fan of our facebook page located at www.facebook.com/LowryTeamRealEstate

 Thinking of buying a home in West Chester, Beckett Ridge or Liberty Township, Fairfield Township, Monroe or Mason Ohio?

Search the entire MLS here!  Wondering what your home is worth in today’s real estate market?  Request a market analysis here!

Visit My YouTube channel at:  www.youtube.com/LowryTeam

 Check Out My Feature Homes For Sale In West Chester, Fairfield and Liberty Township, Ohio

 

Filed Under: Beckett Ridge Homes For Sale, Eric Lowry's Articles, Fairfield Township Homes For Sale, Financing, First-time Homebuyer, Liberty Township Ohio Homes For Sale, Liberty Twp Community Info, Real Estate Information, Real Estate News, Restaurants & Dining, Tuesday Open House, West Chester Community Info, West Chester Ohio Homes For Sale Tagged With: Beckett Ridge, Cincinnati, Cincinnati Magazine, Eric Lowry, Eric's Hassle Free Listing, Facebook Fan page, First Time homebuyers, Home Values, Homes For Sale, Liberty Township Real Estate, LowryTeam.com, Ohio, RealEstate-Ink.com, Tax Credit, Tuesday Open House, West Chester Real Estate

West Chester OH Real Estate: Stimulus Plan Contains Tax Credit For Housing

February 8, 2009 by Eric Lowry Leave a Comment

There has been plenty of coverage regarding the economic stimulus package and all of the pros and cons of it.  The most significant part of the plan as it currently stands and that matters here on RealEstate-Ink is the proposed tax credit for homebuyers.

The Senate has passed an expansion of the original tax credit proposal.   The proposal would be available to all purchasers (not just first-time homebuyers).  The key elements are:·   A tax credit in the amount of $15,000 or 10 percent of the purchase price (whichever is less), with the option to utilize the credit all in one year or spread it out over two years
·   The tax credit is available to all purchases of any home from date of enactment for one full year.
·   Able to claim the credit against the 2008 tax return
·   Buyers must occupy the homes for two years as their principal residences
·   Purchases of homes by investors are ineligible
·   Terminates the previous $7,500 Housing Tax credit on the date of enactment
 

 

Keep in mind that this has not been passed into law and is subject to change at any second…remember this is Washington, D.C. and Congress we are talking about.

Below is some further detail on the current proposal:

Senate Unanimously Approves Isakson Amendment to Stimulate Housing Market
Homebuyer Tax Credit Revived Market in 1975 and Would Work Today

WASHINGTON – The U.S. Senate today unanimously approved an amendment by U.S. Senator Johnny Isakson, R-Ga., to stimulate the nation’s declining housing market by offering a $15,000 tax credit to individuals who purchase a home in the next year.

“It is time to fix America’s problem, not throw money at the symptoms. It is time to fix housing first. It is rare that we have a road map to success in times of difficulty, but this country has once before realized a housing crisis every bit as bad as the one we have today and economic troubles every bit as dangerous,” Isakson said. “We have a pervasive housing problem, and we have a historical precedent that works. I am proud this Senate has joined together, learned from history and repeated a method that worked by adopting this amendment.”

Specifically, Isakson’s amendment to the pending economic stimulus bill would provide a direct tax credit to any homebuyer who purchases any home. The amount of the tax credit would be $15,000 or 10 percent of the purchase price, whichever is less. Purchases must be made within one year of the legislation’s enactment, and the tax credit would not have to be repaid.

The amendment would allow taxpayers to claim the credit on their 2008 income tax return. It also seeks to prevent misuse by only allowing purchases of a principle residence and by recapturing the credit if the home is sold within two years of purchase. The amendment would sunset the current $7,500 housing tax credit on the date of enactment.

Isakson has pushed hard for a non-repayable tax credit for homebuyers because he knows that it will work. In the mid-1970s, America faced a similar housing crisis when a period of easy credit and loose underwriting flooded the market with new construction.  Interest rates rose, the economy slowed and America was left with a three-year supply of vacant homes. Congress responded by passing a $2,000 tax credit for anyone purchasing a new home for their principal residence. Isakson believes the results were clear and swift as home values stabilized, housing inventory dropped and the market recovered.

Last year, Isakson introduced legislation to specifically target those homes that were causing the unprecedented increase in housing inventory by offering tax credits to individuals purchasing a foreclosed home or a home where foreclosure is pending. In April 2008, the Senate passed legislation to stimulate the nation’s declining housing market that included Isakson’s proposal. However, the final version of the legislation that was signed into law included only a $7,500 tax credit for first-time homebuyers that must be repaid over a 15-year period. Isakson’s amendment that passed today would sunset that $7,500 tax credit.

Isakson spent more than three decades in the real estate business, beginning his business career in 1967 when he opened the first Cobb County, Ga., office of a small, family-owned real estate business, Northside Realty. Isakson later served as president of Northside for 20 years, presiding over the company’s growth into the largest independent residential real estate brokerage company in the Southeast and one of the largest in America.

Isakson has not made a decision regarding his vote on the overall economic stimulus legislation.

Wondering about the value of your home in today’s market?  Request a Free Market Analysis.

If you think now is the time to begin your search for a new home, start by checking out my Feature homes for sale and then search the MLS, all on my website:  www.LowryTeam.com

Check Out My Feature Homes For Sale In West Chester and Liberty Township, Ohio

Filed Under: Financing, Real Estate Information Tagged With: Cincinnati, Economic Stimulus, First Time homebuyers, Homebuyers, Housing Market, Market Value Of My Home, Ohio, Tax Credit, West Chester Real Estate, West Chester Realtor

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