<?xml version="1.0" encoding="UTF-8" ?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
    <channel>
        <atom:link href="http://www.reddoorindy.com/blog/tags/first-time-home-buyer/rss" rel="self" type="application/rss+xml" />
        <title>Indianapolis Real Estate Blog</title>
        <link>http://www.reddoorindy.com/blog/tags/first-time-home-buyer/</link>
        <description>A local Indianapolis real estate blog by Red Door Real Estate keeping you up to date on all Indianapolis and surrounding areas real estate news.</description>
        <item>
            <guid>http://www.reddoorindy.com/blog/first-time-home-buyer-tax-credit-fishers-and-indianapolis-2010.html</guid>
            <link>http://www.reddoorindy.com/blog/first-time-home-buyer-tax-credit-fishers-and-indianapolis-2010.html</link>
            <author>mtaylor@reddoorindy.com (Mike Taylor)</author>
            <title>First time home buyer tax credit Fishers and Indianapolis 2010</title>
            <description> <![CDATA[ 
I have LOTS to talk about in terms of real estate and homes for sale in the Fishers and Indianapolis area and too little time.&nbsp;&nbsp; Today, I wanted to touch base on the upcoming expiration of the first time home buyers tax credit.&nbsp;&nbsp; As you probably know, the current credit now applies to both first time home buyers and existing home owners but you must be under contract by April 30th 2010.&nbsp; Here are a few good resources with all the details of the program:

http://www.realtor.org/home_buyers_and_sellers/2009_first_time_home_buyer_tax_credit

http://www.irs.gov/newsroom/article/0,,id=204671,00.htmlhttp://www.federalhousingtaxcredit.com/home.html

As we saw with the expiration of the last tax credit buyers are flooding the market and homes are selling quickly, especially the good ones.&nbsp; If you are a buyer you will be doing yourself a favor by not waiting until the last minute to get out there and start making offers on homes.&nbsp; People will procrastinate and you can stay ahead of the curve, have a better selection, and probably save money by looking now and not in 30 or 60 days.&nbsp; If you are a seller and your home falls into the under 250K range and you are even remotely thinking about selling, PUT YOUR HOUSE ON THE MARKET NOW!!&nbsp; This is the time to sell your house despite the fact we are not in summer.&nbsp; I am not sure what to expect, but a slight concern I have is a &ldquo;hangover effect&rdquo; after this newest tax credit expires. &nbsp;

If you have any plans to be in the real estate market in Indianapolis area as a buyer or a seller now is the time to act.&nbsp; Feel free to call anytime at 317-362-4064 to discuss your buying or selling needs. &nbsp;
 ]]> </description>
            <pubDate>Fri, 05 Feb 2010 08:50:36 -0500</pubDate>
                    </item>
        <item>
            <guid>http://www.reddoorindy.com/blog/first-time-home-buyer-tax-credit-extended-indianapolis.html</guid>
            <link>http://www.reddoorindy.com/blog/first-time-home-buyer-tax-credit-extended-indianapolis.html</link>
            <author>mtaylor@reddoorindy.com (Mike Taylor)</author>
            <title>First Time Home Buyer Tax Credit Extended - Indianapolis</title>
            <description> <![CDATA[ 
I am sure everyone has heard that the tax credit for first time home buyers has been extended and expanded so I thought I would post the main bullet points of the new bill as well as a quick reference guide for the first time homebuyer tax credit for Indianapolis home buyers.&nbsp; The main bullet points are:&bull;&nbsp;&nbsp; &nbsp;Contract must be signed by 4/30/10 and close by 6/30/10.&bull;&nbsp;&nbsp; &nbsp;First-time homebuyers (not owned a home in the last 3 years) will receive an $8,000 tax credit.&bull;&nbsp;&nbsp; &nbsp;A $6,500 tax credit will to buyers is they owned their current home for at least five consecutive years in the previous eight years.&bull;&nbsp;&nbsp; &nbsp;Individuals with income under $125,000 will qualify.&nbsp; Couples with income under $225,000 will qualify.&nbsp; This is up from $75,000 for singles or $150,000 for couples.&bull;&nbsp;&nbsp; &nbsp;Taxpayers would be able to claim the credit on their 2009 income tax return for purchases made in 2010.&bull;&nbsp;&nbsp; &nbsp;Maximum purchase price is $800,000.And below is a good quick reference sheet that compares the old and new tax credits:

&nbsp;

If you have any further questions about the first time home buyer tax credit as it relates to Indianapolis real estate, please feel free to call or email me anytime. &nbsp;
 ]]> </description>
            <pubDate>Wed, 18 Nov 2009 08:53:33 -0500</pubDate>
                    </item>
    </channel>
</rss>