Comments on: $8000 Homebuyer Tax Credit – Grand Rapids Real Estate Market Update

By: Dorothy

Dorothy — Tue, 23 Jun 2009 21:12:42 +0000

we have with my son rehabilitated an old house over the past 1.5 yrs. He is now purchasing from us at full market value. I’ve heard that an individual purchasing a home from a family member cannot qualify for the tax credit. do you know if there are stipulations in the bill that make exceptions for individuals purchasing at full market value in a bonofied real estate deal?

By: mystyleelife

mystyleelife — Fri, 22 May 2009 16:02:25 +0000

Great post! We are offering a free First Time Home Buyers Workshop in Charleston, SC on May 30 that will include a presentation about the $8000 First Time Home Buyer Tax Credit. Sign up at http://www.rehava.com.

By: Union Square Condo For Sale - Downtown Grand Rapids Condo Update « Grand Rapids Real Estate Trends

Wed, 18 Mar 2009 16:32:15 +0000

[...] One of the benefits to living at Union Square condos is the Renaissance Zone Tax Benefits which includes paying zero property taxes until 2018. City and State income taxes will begin to phase in with your 2009 taxes but you will still enjoy some savings until 2012. If this is your first home, don’t forget the $8000 First Time Home Buyer Tax Credit. [...]

By: Jeff

Jeff — Fri, 06 Mar 2009 23:25:56 +0000

OK, I haven’t been able to find an answer to this specific scenario:

I purchased my current home in 2002. I was married two years later. The home is in my name only. My wife and I are getting ready to purchase a new home. If we buy the house jointly, are we eligible since she’s never owned a home? Or, if that doesn’t work, can she purchase the home alone with me as guarantor on the loan (she doesn’t have the credit to purchase solely) and be eligible for the credit?

By: LINO

LINO — Wed, 04 Mar 2009 12:15:58 +0000

QUESTION?
I am a first time buyer, bought my apt on Feb 2008, do i qualify for any of these stimulus.
i tried to do loan modification but faild in the intent because I am up to date, lol

By: 2098 Cranbrook Dr NE - Grand Rapids Condos « Grand Rapids Real Estate Trends

Wed, 04 Mar 2009 05:13:56 +0000

[...] this one. Interest rates are low and if you are a first time home buyer, you could qualify for the $8000 First Time Home Byers Tax Credit. For more information on this or any other Grand Rapids Condo, visit my website at [...]

By: $7500 First Time Home Buyer Tax Credit « Grand Rapids Real Estate Trends

$7500 First Time Home Buyer Tax Credit « Grand Rapids Real Estate Trends — Thu, 19 Feb 2009 19:00:51 +0000

[...] The 2009 Stimulus package includes an updated version of the First Time Home Buyer Credit. CLICK HERE for more [...]

By: bekah

bekah — Wed, 18 Feb 2009 03:55:39 +0000

thank you!

By: andyi

andyi — Wed, 18 Feb 2009 01:06:12 +0000

Angie, if you closed on the property this year, you will be able to claim the $8000 (or 10% of the sale price) on your 2008 tax returns.

By: andyi

andyi — Wed, 18 Feb 2009 01:03:46 +0000

Erin, if you purchased this year, you will be able to claim the tax credit when you file your 2008 tax returns, this year.