Everyone knows that time flies and if you have been considering using the expanded and extended first time home buyer tax credit toward purchasing Central Ohio real estate, time is running out. The tax credit is for first time home buyers and home owners who have resided in their primary residence for at least 5 out of the past 8 years.
Current home owners can get up to a $6,500 tax credit and new home buyers can get a credit of up to $8,000. If you are going to purchase Central Ohio real estate and use the credit, then your new home must be under contract by April 30 and closed by June 30.
If Central Ohio real estate is on your mind for 2010, then now is a great time to start looking.
If you are looking to buy or sell a property in New Albany, Gahanna, Blacklick, Westerville, or another Central Ohio community, please contact The Raines Group. We offer professional real estate advice and are happy to help you achieve your real estate goals. Please contact us today via our online contact form or by calling The Raines Group at 614-418-7417.