The Worker, Homeownership, and Business Assistance Act of 2009 was recently passed to the delight of many professionals in the real estate industry. This Act extends the $8,000 first-time home buyer tax credit until April 30, 2010, and has been expanded to include repeat home buyers, who may be granted up to $6,500 for a home purchased between November 7, 2009 and April 30, 2010. Current homeowners must have lived in their home as a primary residence for five consecutive years within the last eight. The extended home buyer tax credit may be applied toward primary residences whether they are a single family home, condominium, townhome, or co-op.
What does this mean for Central Ohio Real Estate? Realtors are hoping this continues to drive buyers to purchase homes and drive the economy into recovery.
If you are interested in selling or owning a home in the Central Ohio Area, including New Albany, Gahanna, Blacklick, Westerville, and the surrounding areas, contact the dedicated professionals at The Raines Group today. Just call 614-418-7417.