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Akron Ohio Homes for Sale David M. Childress

Home Buyer Tax Credit FAQ's

This list of the most asked questions has been provided to us Akron Ohio Realtors to assist our clients in understanding the changes and time limits on the recent legislation passed and signed by the President on Friday, November 6, 2009. You may contact me or any Realtor in your area for any further questions or concerns you may have. Good luck in your home search!

NAR Frequently Asked Questions

Homebuyer Tax Credit Changes

National Association of REALTORS® Government Affairs Division

Question: Existing homeowner credit: Must the new house cost more than the old house?

Answer: No. Thus, for example, individuals who move from a high cost area to a lower cost area who meet all eligibility requirements will qualify for the $6500 credit.

Question: I am an existing homeowner. On October 25, 2009, I signed a contract to purchase a new home. I have lived in my current home for more than 5 consecutive years and am within the new income limits. I will go to settlement on November 20. If President Obama has signed the bill by the time I go to settlement, will I qualify for the new $6500 tax credit?

Answer: Yes. The existing homeowner credit goes into effect for purchases after the date of enactment (when the bill is signed). There is no reference to the date of contract for the new credit. The provision looks solely to the date of purchase, which is generally the date of settlement.

Question: I am a firsttime homebuyer but was not within the prior income limits at the time I entered into my contract to purchase on October 30, 2009. I will be covered, however, by the new income limits. If the new rules have been signed into law by the time I go to settlement, will I be eligible for a credit?

Answer: Yes. The new income limitations go into effect as soon as the President has signed the bill. The income limit and other eligibility rules will look to your status as of the date of purchase, which is the settlement date. So if the new rules have been signed when you go to settlement, you should be eligible for the credit (or a portion of the credit if you're within the phaseout range).

Question: I am an eligible existing homeowner. I have a fair amount of equity in my home. I have found a home with a nonnegotiable price of $825,000. Will I be able to use any of the $6500 tax credit?

Answer: No. The $800,000 cap on the cost of the purchased home is firm at $800,000. Any amount above $800,000 makes the home ineligible for any portion of the credit. The $800,000 is an absolute ceiling.

Question: I owned my home for 10 years, but sold it two years ago year and have been renting since. If I purchase a home, will I be eligible for the $6500 tax credit if I meet all the other eligibility tests?

Answer: Yes. Because you lived in the home for more than 5 consecutive years of the previous 8, you will qualify for the $6500 credit. For example, Say John and his wife bought a home in 2000 and lived there until 2008 when he got a divorce. Whether John has been renting or bought in the interim, he WOULD INDEED be eligible for the credit because he owned a home and occupied it as his principal residence for 5 consecutive years out of the last 8 years. The keyword here is "consecutive." As long as he lived in that house for 5 years straight what he did since 3 years doesn't impact eligibility.

Question: I am an eligible firsttime homebuyer. I entered into a contract to purchase on November 1, 2009. Do I have to go to closing before December 1? How does the extension date affect me?

Answer: You do not have to close before December 1. Once the legislation has been signed, it will be as if the Nov 30 date had never existed. Therefore, so long as the contract settles before April 30 (or July 1, worst case), the purchaser will be eligible for the credit.

Akron Ohio and Summit County Ohio Events Calendar

It's Halloween week in Akron Ohio homes, have fun and be safe!

Orson Welles performed his "War of the Worlds" radio broadcast on October 30th, 1938 causing widespread panic when listeners believed the radio performance was actual news reports of an invasion from Mars. Would we still fall for that one????

Check out the listing of community events, click on the link for additional information about the event.


Arts / Theatre / Music
10/26/2009
Monday Morning Painting Group
Fine Art Services/Peninsula Art Academy
10/26/2009
"Final Edition:"
Akron-Summit County Public Library
10/26/2009
Auditions
Weathervane Playhouse
10/27/2009
Enameling with Carol Adams
Fine Art Services/Peninsula Art Academy
10/27/2009
Blues and Rock School!
Fine Art Services/Peninsula Art Academy
10/27/2009
The Bedtime Snack (featured event)
Mountain Rose Concerts
10/28/2009
Out-of-the-Box Exhibit/Auction
Summit Artspace/Akron Area Arts Alliance
10/28/2009
Ryan Humbert
Akron Civic Theatre
10/28/2009
Due East
School of Music
10/29/2009
Photo2009 Exhibition
Summit Artspace/Akron Area Arts Alliance
10/29/2009
Out-of-the-Box Exhibit/Auction
Summit Artspace/Akron Area Arts Alliance
10/29/2009
Family Drop-In Night
Akron Art Museum
10/29/2009
Thursday Movies @ Main
Akron-Summit County Public Library
10/29/2009
The Akron Film Festival
Akron Art Museum
10/29/2009
Imagination Movers
Akron Civic Theatre
10/29/2009
The Goat or, Who is Sylvia?
Weathervane Playhouse
10/29/2009
For Better - a wireless comedy
Actors' Summit
10/30/2009
Photo2009 Exhibition
Summit Artspace/Akron Area Arts Alliance
10/30/2009
Out-of-the-Box Exhibit/Auction
Summit Artspace/Akron Area Arts Alliance
10/30/2009
Monster Mash- Nazareth Benefit (featured event)
Nazareth Housing Development Corporation
10/30/2009
The Goat or, Who is Sylvia?
Weathervane Playhouse
10/30/2009
For Better - a wireless comedy
Actors' Summit
10/31/2009
PAA Fiber Cafe meetings
Fine Art Services/Peninsula Art Academy
10/31/2009
Photo2009 Exhibition
Summit Artspace/Akron Area Arts Alliance
10/31/2009
The Akron Film Festival
Akron Art Museum
10/31/2009
Out-of-the-Box Exhibit/Auction
Summit Artspace/Akron Area Arts Alliance
10/31/2009
USAF Academy Band Concert
Akron Public Schools - Firestone High School
10/31/2009
For Better - a wireless comedy
Actors' Summit
10/31/2009
The Goat or, Who is Sylvia?
Weathervane Playhouse
11/1/2009
Free First Sunday / Sunday Sam
Akron Art Museum
11/1/2009
NEOFA Flute Festival
Northeastern Ohio Flute Association
11/1/2009
For Better - a wireless comedy
Actors' Summit
11/1/2009
The Goat or, Who is Sylvia?
Weathervane Playhouse
11/1/2009
ETC Fall Show 2009
ETC School of Musical Arts
11/1/2009
Orchestra Concert
Akron Public Schools - Firestone High School
11/1/2009
All Saints Day Hymn Festival
Parish Arts Series of Fairlawn Lutheran Church

Business Events
10/26/2009
Monday Networking Group
Green Chamber of Commerce
10/28/2009
CAK Safety Council Meeting
Green Chamber of Commerce
10/28/2009
IMPACT Awards Luncheon
Green Chamber of Commerce
10/28/2009
SMFCC After 5 Open House
Stow-Munroe Falls Chamber of Commerce
10/29/2009
Springfield Chamber Boot Camp
Springfield Area Chamber of Commerce
10/30/2009
Friday Networking Group
Green Chamber of Commerce

Children Activities
10/26/2009
Trick or Treat @ Your Library
Twinsburg Public Library
10/28/2009
Toddle On In
Firestone Park Branch Library
10/29/2009
Trick or Treat Schedule
10/29/2009
Magic Lunchbox Story Time
Firestone Park Branch Library
10/29/2009
Annual Halloween Spooktacular
First Congregational Church
10/31/2009
Trick or Treat Schedule (featured event)
10/31/2009
Boo Breakfast
New Life Episcopal Church
11/1/2009
Trick or Treat Schedule

Clubs
10/27/2009
Game Club
Twinsburg Public Library

Education
10/26/2009
Speaking with Confidence
University of Akron
10/26/2009
Excel 2007 Level 2
University of Akron
10/26/2009
Mail Merge with Word 2003
Twinsburg Public Library
10/27/2009
Basic Microsoft Word Part II
Barberton Public Library
10/28/2009
Intro to PowerPoint 2003
Twinsburg Public Library
10/28/2009
Amelia Earhart
Barberton Public Library
10/29/2009
Grammar, Punctuation, Usage
University of Akron
10/29/2009
Buying and Selling Online
Twinsburg Public Library
10/31/2009
CMA Business Applications
University of Akron
10/31/2009
PC Troubleshooting Diagnostics
University of Akron
10/31/2009
Learning About Marshland Birds
Cuyahoga Valley National Park
11/1/2009
Open House
Spring Garden Waldorf School
11/1/2009
How to Scroll Saw
Twinsburg Public Library
11/2/2009
Introduction to Windows XP
Twinsburg Public Library

Festival
10/26/2009
Riverfront Cruise In
City of Cuyahoga Falls
10/30/2009
Family Fall Festival
H.O.P.E. Ministries
10/31/2009
Countryside Farmers' Market
Cuyahoga Valley National Park
10/31/2009
Park Place Pop-ins
Cuyahoga Valley National Park
10/31/2009
Community Halloween Party
City of Cuyahoga Falls

Fundraiser / Benefit
10/31/2009
Rummage Sale
Humane Society of Greater Akron
10/31/2009
Visages Caches Masquerade Ball
Akron Urban League

Health
10/26/2009
Yoga with Thia
Twinsburg Public Library
10/28/2009
Yoga with Thia
Twinsburg Public Library
10/29/2009
Meet the Author: Alzeheimer's
Barberton Public Library
10/29/2009
Wellness Solutions
Barberton Public Library
11/2/2009
Yoga with Thia
Twinsburg Public Library
11/2/2009
Therapeutic Drumming
Stewart's Caring Place
11/3/2009
Tapping for Change
Stewart's Caring Place

Lecture / Workshop
10/27/2009
"How to Write a Business Plan"
Small Business Development Center at the Summit Medina Business Alliance
10/28/2009
"An Evening with Jane Snow"
Akron-Summit County Public Library
10/29/2009
Alzheimer's Care with Dignity
Akron-Summit County Public Library
10/29/2009
ABC's of SSI & Medicare
Stewart's Caring Place
10/29/2009
Intro to Trademarks
Akron-Summit County Public Library
11/2/2009
Legal First Aid Kit
Twinsburg Public Library

Literary
10/26/2009
Evening Book Club
Barberton Public Library
10/28/2009
Not Your Mother's Book Group
Firestone Park Branch Library
10/29/2009
Meet The Author
Barberton Public Library

Membership Meetings
10/29/2009
Applique Society
Barberton Public Library

Special Events / Holiday
10/27/2009
Family Fun Night
Akron Public Schools - Crouse CLC/Stewart
10/27/2009
World Paranormal Investigation
Twinsburg Public Library
10/30/2009
All Hale's Eve (featured event)
Hale Farm and Village

Sports & Recreation
10/27/2009
Fall Running Series
Cuyahoga Valley National Park
10/28/2009
Hiking in Cuyahoga Valley
Cuyahoga Valley National Park
10/30/2009
Fall Running Series
Cuyahoga Valley National Park
10/31/2009
Fight at the Knight
John S. Knight Center
11/2/2009
Hiking in Cuyahoga Valley
Cuyahoga Valley National Park

Other
10/27/2009
Barberton Library Levy Cmtee
Levy Committee
10/27/2009
PARF Club Fellowship
Pioneer Amateur Radio Fellowship
10/29/2009
Citizens Involvement Committee
AMATS
10/29/2009
60's Monster Mash
Cuyahoga Falls Library
11/3/2009
Buchtel Free Legal Aid Clinic
Community Legal Aid Services
11/3/2009
Frankenpolish
Barberton Public Library

OHIO

Akron Ohio and Summit County Ohio Halloween Events

Kappa

The following is the Akron Ohio Homes Halloween, Trick-or-Treat schedule for the various Summit County Ohio communities. Please contact the individual communities for more information. This is as accurate as possible from local news sources! Enjoy with your family and be safe!


Sunday, October 25th
Clinton - Trick or Treat 2-4pm




Thursday, October 29th
Tallmadge - Trick or Treat 5:30-7pm

Saturday, October 31st

Akron - Trick or Treat 5-7pm
Barberton - Trick or Treat 5-7pm
Boston Heights - Trick or Treat 6-8pm
Coventry - Trick or Treat 5:30-8pm
Cuyahoga Falls - Trick or Treat 6-8pm
Green - Trick or Treat 6-8pm
Lakemore - Trick or Treat 5-7pm
Macedonia - Trick or Treat 6-8pm
Mogadore - Trick or Treat 6-8pm
Munroe Falls - Trick or Treat 6-8pm
North Field - Trick or Treat 6-8pm
Northfield Center - Trick or Treat 6-8pm
Norton - Trick or Treat 5-7pm
Peninsula - Trick or Treat 6-7:30pm
Reminderville - Trick or Treat 6-8pm
Richfield - Trick or Treat 6-8pm
Sagamore Hills - Trick or Treat 6-8pm
Silver Lake - Trick or Treat 6-8pm
Springfield - Trick or Treat 5-7pm
Stow - Trick or Treat 6-8pm
Twinsburg - Trick or Treat 6-8pm
Twinsbury - Trick or Treat 6-8pm


Sunday, November 1st
Bath - Trick or Treat 5-7pm
Copley - Trick or Treat 5-7pm
Fairlawn - Trick or Treat 5-7pm

Here are a few Halloween Safety tips for your Trick or Treaters:
Carry a flashlight Walk, don't run Stay on the sidewalks Obey all traffic signals Stay in familiar neighborhoods Wear clothing with reflective tape Approach only houses that are lit.
Have a fun and safe Halloween in Akron Ohio!

Akron Ohio and Summit County Ohio Events Calendar

The weather is going to be gorgeous in Akron Ohio this week. Get out and enjoy all the events we are so fortunate to have in Summit County Ohio!

Arts / Theatre / Music
10/20/2009
Spinning w/Cris Welch
Fine Art Services/Peninsula Art Academy
10/20/2009
Enameling with Carol Adams
Fine Art Services/Peninsula Art Academy
10/22/2009
Photo2009 Exhibition
Summit Artspace/Akron Area Arts Alliance
10/22/2009
Thursday Movies @ Main
Akron-Summit County Public Library
10/22/2009
Cuyahoga Valley Contra Dance
Cuyahoga Valley National Park
10/22/2009
The Last Night of Ballyhoo
Weathervane Playhouse
10/23/2009
Photo2009 Exhibition
Summit Artspace/Akron Area Arts Alliance
10/23/2009
Heritage Concert Series
Cuyahoga Valley National Park
10/23/2009
The Last Night of Ballyhoo
Weathervane Playhouse
10/24/2009
Woolies old, new, and used
Fine Art Services/Peninsula Art Academy
10/24/2009
Art @ MD Garage
Cuyahoga Valley National Park
10/24/2009
PAA Fiber Cafe meetings
Fine Art Services/Peninsula Art Academy
10/24/2009
Photo2009 Exhibition
Summit Artspace/Akron Area Arts Alliance
10/24/2009
Acting & Scene Study Class
Weathervane Playhouse
10/24/2009
BluesNite at PAA
Fine Art Services/Peninsula Art Academy
10/24/2009
Lincoln's 200th BD Celebration
Summit Choral Society
10/24/2009
Women of the Bible
Akron Civic Theatre
10/24/2009
The Last Night of Ballyhoo
Weathervane Playhouse
10/25/2009
Art @ MD Garage
Cuyahoga Valley National Park
10/25/2009
The Last Night of Ballyhoo
Weathervane Playhouse
10/25/2009
Auditions
Weathervane Playhouse
10/25/2009
Film Music Fantasies
Akron Symphony
10/25/2009
Cuyahoga Photographic Society
Cuyahoga Valley National Park
10/25/2009
Bring a can, Lend a H.A.N.D.
Barefoot Prophets
10/25/2009
Edgar Allen Poe Express
Akron Civic Theatre
10/26/2009
Monday Morning Painting Group
Fine Art Services/Peninsula Art Academy
10/26/2009
"Final Edition:"
Akron-Summit County Public Library
10/26/2009
Auditions
Weathervane Playhouse
10/27/2009
Enameling with Carol Adams
Fine Art Services/Peninsula Art Academy
10/27/2009
Blues and Rock School!
Fine Art Services/Peninsula Art Academy

Business Events
10/19/2009
Monday Networking Group
Green Chamber of Commerce
10/21/2009
KNOW Quarterly Luncheon
Greater Akron Chamber
10/23/2009
Friday Networking Group
Green Chamber of Commerce
10/26/2009
Monday Networking Group
Green Chamber of Commerce

Children Activities
10/21/2009
Toddle On In
Firestone Park Branch Library
10/22/2009
Magic Lunchbox Story Time
Firestone Park Branch Library
10/22/2009
Magic Lunchbox Story Time
Firestone Park Branch Library
10/24/2009
If You Take a Mouse to School
Cuyahoga Falls Library
10/25/2009
Family Fun Days in Cuyahoga
Cuyahoga Valley National Park

Clubs
10/27/2009
Game Club
Twinsburg Public Library

Education
10/19/2009
gerontology exam prep courses
The University of Akron, College of Nursing
10/19/2009
essentials of gerontology
The University of Akron, College of Nursing
10/19/2009
Access 2007 Level 2
University of Akron
10/20/2009
Main Library Lunchtime Lyceum
Akron-Summit County Public Library
10/20/2009
Healthy Heart Lecture Series
Summa Barberton Hospital
10/21/2009
Supervisory Leadership Certif.
University of Akron
10/21/2009
Online Digital Photo Fun
Twinsburg Public Library
10/21/2009
Commercial Insurance
University of Akron
10/21/2009
Excel 2007 Level 2
University of Akron
10/21/2009
Intermediate Internet
Twinsburg Public Library
10/21/2009
Google Analytics
University of Akron
10/21/2009
Foster Care/Adop Info Dinner
Summit County Children Services
10/22/2009
Intro to Digital Photo Basics
Twinsburg Public Library
10/22/2009
Intro to PowerPoint 2007
Twinsburg Public Library
10/22/2009
Esmond, Wynne & Smoky 5th AF
World War II / Korean War Roundtable
10/23/2009
Mail Merge with Word 2007
Twinsburg Public Library
10/24/2009
Autumn Constellations
Cuyahoga Valley National Park
10/26/2009
Speaking with Confidence
University of Akron
10/26/2009
Excel 2007 Level 2
University of Akron
10/26/2009
Mail Merge with Word 2003
Twinsburg Public Library
10/27/2009
Basic Microsoft Word Part II
Barberton Public Library

Festival
10/19/2009
Riverfront Cruise In
City of Cuyahoga Falls
10/24/2009
Countryside Farmers' Market
Cuyahoga Valley National Park
10/24/2009
Light UP Lantern Festival
University Park Business Association
10/26/2009
Riverfront Cruise In
City of Cuyahoga Falls

Fundraiser / Benefit
10/19/2009
Akron Signature Chefs Auction
March of Dimes
10/21/2009
Warm Up Akron
H.O.P.E. Ministries
10/21/2009
Spirit Night
Nordonia City Schools
10/22/2009
44th Annual Luncheon/Meeting (featured event)
Fair Housing Contact Service
10/23/2009
African Sky Benefit (featured event)
African Sky
10/23/2009
My Sister, My Friend
Akron Urban League
10/24/2009
Mogadore HS Craft Galleria
Mogadore High School Drama Club
10/24/2009
Holiday Boutique
Stewart's Caring Place
10/24/2009
Make A Difference Day (featured event)
Nordonia City Schools
10/24/2009
4th Annual Fall Fest
OPEN M
10/24/2009
Rummage Sale
Humane Society of Greater Akron
10/24/2009
Blood Drive/Chili Cook Off
Eagles Club-Akron
10/25/2009
Beer, Blues and Barbecue (featured event)
Victim Assistance Program

Health
10/19/2009
Introduction to Dragon Boat
Stewart's Caring Place
10/25/2009
FREE Health Screenings (featured event)
South Pointe Hospital, a Cleveland Clinic hospital

Lecture / Workshop
10/19/2009
Getting Started with Medicare
Peninsula Library
10/21/2009
Elder Abuse Workshop: CANCELED
Battered Women's Shelter/Rape Crisis Center
10/21/2009
Tracing Your Roots
Barberton Public Library
10/22/2009
Women2Women Roundtable Brkfst
Stow-Munroe Falls Chamber of Commerce
10/22/2009
"Past Lives"
Theosophical Society in Akron
10/24/2009
Glendale Steps Clean Up/Talk
Progress Through Preservation
10/27/2009
"How to Write a Business Plan"
Small Business Development Center at the Summit Medina Business Alliance

Literary
10/26/2009
Evening Book Club
Barberton Public Library

Membership Meetings
10/20/2009
SMFCC Membership Luncheon
Stow-Munroe Falls Chamber of Commerce
10/21/2009
Meeting of Friends of the BPL
Friends of the Barberton Public Library

Religious
10/23/2009
"An Evening of Music"
Highview Avenue Baptist Church
10/25/2009
Pre-Cana Days
Loyola of the Lakes Jesuit Retreat House

Special Events / Holiday
10/21/2009
Dinner in the Cuyahoga Valley
Cuyahoga Valley National Park
10/21/2009
Tales From Beyond
Barberton Public Library
10/24/2009
Free Document Shredding Day (featured event)
Summit Akron Solid Waste Management Authority
10/25/2009
Annual Sagamore Spooktacular (featured event)
South Pointe Hospital, a Cleveland Clinic hospital
10/27/2009
Family Fun Night
Akron Public Schools - Crouse CLC/Stewart
10/27/2009
World Paranormal Investigation
Twinsburg Public Library

Sports & Recreation
10/20/2009
Fall Running Series
Cuyahoga Valley National Park
10/21/2009
Roller Derby Girl Roundup (featured event)
NEO Rock 'n' Roller Girls
10/23/2009
Euchre! - Single Adults
The Chapel
10/24/2009
Hiking in Cuyahoga Valley
Cuyahoga Valley National Park
10/25/2009
Hiking in Cuyahoga Valley
Cuyahoga Valley National Park
10/25/2009
Rubber City Rollergirls! (featured event)
Rubber City Rollergirls
10/27/2009
Fall Running Series
Cuyahoga Valley National Park

Other
10/20/2009
Anime Club
Barberton Public Library
10/22/2009
Summit Lake Legal Aid Clinic
Community Legal Aid Services
10/22/2009
Bats in My Barn
Twinsburg Public Library
10/23/2009
Blood Drive/North Akron Saving
North Akron Savings Bank-Munroe Falls
10/23/2009
Crossword Puzzle Tournament
Firestone Park Branch Library
10/23/2009
TPL LAN Party: Left 4 Dead
Twinsburg Public Library
10/27/2009
Barberton Library Levy Cmtee
Levy Committee
10/27/2009
PARF Club Fellowship
Pioneer Amateur Radio Fellowship

Akron Ohio's Blimps

Akron Ohio Green Day, Free Shredding & Food Bank

Akron Ohio Homes for Sale


Summit / Akron Solid Waste Management Authority
brings you-

FREE SHREDDING DAY
This is the last shredding event of 2009!
CONFIDENTIAL RECYCLING AND SHREDDING OF YOUR DOCUMENTS
Saturday, October 24th
9:00am - Noon
(rain or shine)
CITY OF NORTON, ADMINISTRATION BUILDING
4060 Columbia Woods Dr.


REMOVE AND REUSE
-Binder Clips - Rubber Bands - Binders - Paperclips - Report Covers-



LIMIT 10
FILE BOXES OR SHOPPING BAGS
Summit County residents or businesses ONLY are welcome!
ALL paper shredded will be recycled!


At All Events SASWMA is collecting non-perishable food items for the
Akron/Canton Regional Food Bank
The Super Six most needed items are:
-Boxed Cereal - Peanut Butter - Canned Tuna - Canned Vegetable - Canned Beef Stew - Canned Soup-

This event is funded by:
The Summit/Akron Solid Waste Management Authority
Russell M. Pry, County Executive, Chair
Yolanda Walker, Executive Director

For additional information go to www.saswma.org or call 330-374-0383