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Brad Minear has been a Broker for Orizon Real Estate representing Ideal Suburban Homes since 2000. In that short time Brad has climbed the Real Estate ladder to become one of the top Broker's in the company. In 2008 Brad became the Top Producer for the Columbia City office at Orizon. Working for both Orizon and Ideal, Brad is experienced with new and existing homes making him the most qualified person for finding the best home for you and your family. If you want the most knowledgeable person to help you explore all your Real Estate options, CALL OR TEXT BRAD MINEAR @ 260-609-6001
or email @ brminear@yahoo.com today to get started!
The American Recovery and Reinvestment Act of 2009 authorizes a tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009. Here are some FAQ’s:
Who is eligible to claim the tax credit?
First-time home buyers purchasing any kind of home-new or resale-are eligible for the tax credit. To qualify purchase must be made on or after 01/01/2009 and before 12/01/2009
What is definition of a first time home buyer?
The law defines it as a buyer who has not owned a principal residence during the 3 year period prior to the purchase.
How is the amount of the tax credit determined?
The tax credit is equal to 10% of the home’s purchase price up to a maximum of $8,000.
How is this home buyer tax credit different from the tax credit that Congress enacted in July 2008?The most significant difference is that this tax credit DOES NOT HAVE TO BE REPAID. Because it had to be repaid, the previous “credit” was essentially an interest-free loan. This tax incentive is a true tax credit. However, the home buyers must us the residence as a principal residence for at least three years or face recapture of the tax credit amount. Certain exceptions apply.
For complete details or questions please contact Brad Minear @ 260-609-6001 or email questions to brminear@yahoo.com. .