Akron OH Homes for Sale

I will be happy to provide all the information you need to buy or sell real estate in Akron, Copley, Fairlawn, and surrounding areas. As the premier real estate agent in Akron, I look forward to serving you and will be happy to help at any time.

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Whether you are a first time homebuyer or a seasoned veteran I have all the resources you need to buy real estate in Akron, Copley and Fairlawn.
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NEWS.....NEWS......NEWS! 

 

New Tax Credit for Homebuyer Extended...

NOW IS THE RIGHT TIME TO BUY A HOME!!!

As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has passed new legislation that:

1.    Extends the First-Time Home Buyer Tax Credit of up to $8,000 to first-time home buyers until April 30, 2010.

 

2.    Expands the credit to grant up to $6,500 credit to current home owners purchasing a new or existing home between November 7, 2009 and April 30, 2010.

To qualify as a “first-time home buyer” the purchaser or his/her spouse may not have owned a residence during the three years prior to the purchase.

Which Properties Are Eligible? The Extended Home Buyer Tax Credit may be applied to primary residences, including: single-family homes, condos, townhomes, and co-ops.

 

How Much Is Available? The maximum allowable credit for first-time home buyers is $8,000. The maximum allowable credit for current homeowners is $6,500.

 

How is a Buyer's Credit Amount Determined?

Each home buyer’s tax credit is determined by tow additional factors:

The price of the home: Under the Extended Home Buyer Tax Credit, credit may only be awarded on homes purchased for $800,000 or less.

 

The buyer's income: Under the Extended Home Buyer Tax Credit, which is effective on November 7, 2009,  single buyers with incomes up to $125,000 and married couples with incomes up to $225,000—may receive the maximum tax credit.

 

Will the Tax Credit Need to Be Repaid? No. The buyer does not need to repay the tax credit, if he/she occupies the home for three years or more. However, if the property is sold during this three-year period, the full amount credit will be recouped on the sale.

                

Have questions or would like to discuss how this may specifically impact you?

 

Please call or email me at Sharon@SharonButlerMcCray.com


      

 

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Sharon Butler McCray
  • Sharon Butler McCray

  • SRES, ABR, e-PRO ,CSP, CAHC
  • 330-777-0039
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