One of the common misconceptions for home buyers (and some real estate professionals) is that the first time home buyers tax credit is $8000 for all buyers.
When reading the fine print of the IRS form 5405 there is an entry line to fill out asking for the smaller of 2 items: $8000 or 10% of [...]
Entries Tagged as 'Tax credit for first time home buyers in Macomb County MI'
The fine print - about the first time home buyers tax credit - Important!
February 9th, 2010 · 2 Comments · Tax credit for first time home buyers in Macomb County MI, first time home buyers, tips for home buyers
Tags:$8000 tax credit·first time home buyers in Michigan
It’s official - the 1st time home buyers tax credit has been extended
November 10th, 2009 · No Comments · Tax credit for first time home buyers in Macomb County MI, Up to $8000 1st time home buyers tax credit, first time home buyers, tips for home buyers
After much back and forth, and preliminary hype about the extension of this tax credit, we can now confidently write to our local consumers about this bill being signed by the President.
The 1st time home buyers tax credit HAS been extended, and there is also a tax credit for those who already own a home [...]
Tags:New extended first time home buyers tax credit·Repeat home buyers & tax credit
MSHDA Down Payment assistance programs for home buyers in Macomb County MI
September 8th, 2009 · 2 Comments · Tax credit for first time home buyers in Macomb County MI, Up to $8000 1st time home buyers tax credit, fha mortgages and first time home buyers, first time home buyers
MSHDA (Michigan State Housing Development Authority) has some new
programs to help first time home buyers with their down payment
assistance. I talked with Michelle Cyplik of Paramount Bank in Rochester
MI about these programs just before the Labor Day weekend, and we are
going to get together at the end of this week to talk more in depth [...]
Tags:$8000 first time home buyers tax credit·Down payment assistance·first time home buyers in Michigan·foreclosures in macomb county mi
Reduction in the number of foreclosures on the market in Macomb County MI
September 1st, 2009 · No Comments · Tax credit for first time home buyers in Macomb County MI, Up to $8000 1st time home buyers tax credit, macomb county mi real estate market, tips for home buyers
If you have been out and about looking at homes for sale in the Macomb County area then you surely have noticed that the number of homes on the market that are foreclosures (bank owned) is less than what it was a few months ago.
Part of the reason for this lower number of bank owned [...]
Tags:$8000 tax credit·foreclosures in macomb county mi·macomb county michigan real estate market
We’re getting down to crunch time - there *is* a deadline for the 1st time home buyers tax credit
July 29th, 2009 · No Comments · Tax credit for first time home buyers in Macomb County MI, Up to $8000 1st time home buyers tax credit, first time home buyers, macomb county mi real estate market
I wrote this article the other day and published it on my first time home buyers blog, and then decided to add it here. (Something I don’t normally do - I don’t like to duplicate content as it appears to be spammy. )
This is so important though that I broke one of my own rules. [...]
Tags:$8000 tax credit·home buyers in macomb county mi·macomb county michigan real estate market
The 1st time home buyers tax credit - another misconception addressed for Macomb County MI home buyers
June 28th, 2009 · No Comments · Tax credit for first time home buyers in Macomb County MI, first time home buyers, macomb county mi real estate market
Last week I heard from a gentleman who is thinking about not renewing his apartment lease and taking advantage of the first time home buyers tax credit. In his inquiry he wanted to know if he purchased a home for $40,000 if he still would recieve all of the “$8,000″.
The answer is no. He would [...]
Tags:first time home buyers·search homes for sale in Macomb County MI with MLS provided data·Tax credit for 1st time home buyers in Macomb County MI
Getting your first time home buyer tax credit quickly
June 21st, 2009 · No Comments · Tax credit for first time home buyers in Macomb County MI, Up to $8000 1st time home buyers tax credit
One of the questions that I’m asked about the First Time Home Buyers tax
credit is: “Can I get the money back to me quicker?”
The good news is yes, you can. If you qualifty for the 1st time home
buyers tax credit you can simply amend your already completed 2008
income tax return. You don’t have to [...]
Tags:$8000 tax credit·first time home buyers
A warning to first time home buyers wanting to use the $8000 tax credit –
June 7th, 2009 · No Comments · Tax credit for first time home buyers in Macomb County MI, Up to $8000 1st time home buyers tax credit, first time home buyers, macomb county mi real estate market, tips for home buyers
—You better start looking now.
I hate it when I sound like a “salesperson” (no offense to sales people intended) but things are going to get crazy-busy here in Macomb County during the months of September and October.
Already we are experiencing signs of what is going to come hurdling at us like an avalanche:
Multiple offers on [...]
Tags:$8000 tax credit·first time home buyers·home buyers in macomb county mi
Waiting for clarification from FHA and HUD- The 1st time home buyers tax credit & down payment money
May 15th, 2009 · 1 Comment · Tax credit for first time home buyers in Macomb County MI, Up to $8000 1st time home buyers tax credit, fha mortgages and first time home buyers
Goodness, what a whirlwind this week has been with information and mis-information alike.
Some of you may have read elsewhere that the first time home buyers tax credit from the Federal government is now being allowed to be given upfront so that a home buyer could use it for the down payment on their home: Not [...]
Tags:$8000 tax credit·fha mortgage in macomb county mi·first time home buyers
Answering a couple of reader questions about the 1st time home buyers tax credit
May 11th, 2009 · 1 Comment · Tax credit for first time home buyers in Macomb County MI, Up to $8000 1st time home buyers tax credit, tips for home buyers
This past week I received 3 email inquiries about the (up to) $8000 first time home buyers tax credit and even though I responded to the people who asked the questions via email, I realized that the questions they asked are ones that I’m sure many others have questions about.
If I buy a HUD home [...]
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