New Expanded Tax Credit Helps Indiana Move Up Buyers
On November 6, 2009 President Obama signed a bill to both Extend and Expand the Home Buyer Tax Credit. Not only will it be available until Spring of 2010 for First Time Buyers, but it now also includes credits for current homeowners who sell their existing residence and purchase a new one prior to April 30, 2010. So who qualifies and what are the details?
Here are some of the highlights:
How do you apply for the tax credit? You can claim the tax credit on your federal income tax return. Understand, this is a dollar-for-dollar credit, not a tax deduction. If the credit exceeds your tax liability, you will receive a refund. If you've already filed your taxes, you won't need to wait until the following year -- simply file an amendment. We've seen buyers receive the tax credit as soon as 30 days after filing the amendment. This will help offset some of the closing fees or equity shortages for existing homeowners in today's market. In addition, you will be purchasing a new home at a great price for an interest rate still hovering around 5%.
To help clarify some of the details, we've included answers to a few commonly asked questions. For additional questions/answers and examples please visit our website.
- What if you sold your house months ago, but haven't yet bought a new one? Do you qualify?
- What if you've been renting your home and now sell it? Do you qualify?
- What if you meet the requirements, but your new spouse doesn't? Do you qualify?
Visit our website for answers to these questions and more information!
Originally posted by Steve and Tonda Hoagland on Active Rain Blog
All information deemed reliable but not guaranteed. Please contact a tax account for your specific situation.
Wakefield - Home Sales and Real Estate Market Report -
Greenwood IN, November 2009
Wakefield – Current Real Estate Activity
13 Homes FOR SALE in Wakefield
22 homes SOLD in Wakefield - January to November 2009
Highest net sale price: $233,000
Lowest net sale price: $118,400
Average net sale price: $175,558
Median net sale price: $176,800
1 home currently PENDING in Wakefield
Average list price: $164,900 (Sales Price will be available after closing)
Wakefield – 2009 Real Estate Activity
22 homes SOLD in Wakefield - January to November 2009
Highest net sale price: $233,000
Lowest net sale price: $118,400
Average net sale price: $175,558
Median net sale price: $176,800
Sold Activity in Wakefield in the last 5 years
Wakefield continues to be a popular area in Center Grove. Even in a challenging market, so far 22 homes have closed in 2009 compared with 17 for the same period of time in 2008. That is an increase of 23%!
How Did Buyers Pay For Their New Homes in 2009?
More than ½ of all buyers utilized FHA financing. FHA requires only a 3.5% down payment and rates are very similar to conventional financing.
See All Wakefield Homes or
Homes for Sale in Center Grove - 507 Green Valley Dr, Greenwood IN
Tired of cookie cutter neighborhoods and tiny yards? Take a look at this 1432 sf brick ranch in Greenwood -- popular Center Grove Schools too!
Gleaming hardwood floors in living room, hall & all 3 bedrooms have been professionally restored to their original beauty. A newer furnace, AC & hot water heater mean less maintenance for the new owner. Nice updates include new vanity & fixtures in the half bath (there is room to add a shower and convert this to a second full bath) and new sink and fixtures in the full bath.
The seller is leaving all of the appliances, including the washer and dryer. You’ll enjoy the nearly ½ acre property featuring mature trees & fenced backyard. The location is conveniently close to shopping - 5 minutes from the Greenwood Park Mall - restaurants and less than ½ an hour commute to downtown Indianapolis. Greenwood city water & sewer. Property taxes are incredibly low -- only $298 per half - great for the budget!
Search for other Center Grove Properties
Originally Posted by Steve and Tonda Hoagland, Active Rain Blog 11/2/2009
(Information deemed reliable, but not guaranteed)
Homes for Sale in Meadow Bend - 8103 Stoney Bend - SOLD!!!!
Just Sold!!! -- This beautiful home in Meadow Bend is filled with custom amenities seldom seen in this price range. Enjoy formal dinners in the lovely dining room or casual BBQ’s on the large patio overlooking the serene pond and fountain. Versatile floor plan lends itself to entertaining or quiet evenings at home. Plenty of room to play in the large loft or sneak away to the private den or relaxing master suite for some quiet time. Upgrades include 9’ ceilings, extensive crown moldings, corner fireplace, 42’ maple cabinetry, marble vanities, tile floors in baths & entry, Jacuzzi tub, front porch, security system, huge walk-in closets, over sized 3 car garage plus many more. Near I-65 & only 15 mi to downtown Indianapolis.
Local Indiana guy is a Winner!....We just had to share this!
Recently we sent out our October e-newsletter and as usual, we included a trivia question with an opportunity to win movie tickets.
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