http://www.indyrealestatetalk.com/first-time-buyer-opportunity-in-indianapolis/ Indianapolis Homes and Real Estate News Sun, 14 Mar 2010 01:47:14 +0100 http://wordpress.org/?v=2.8.6 hourly 1 http://www.indyrealestatetalk.com/first-time-buyer-opportunity-in-indianapolis/comment-page-1/#comment-1015 San Diego Realtor Thu, 18 Jun 2009 07:53:20 +0000 http://www.indyrealestatetalk.com/first-time-buyer-opportunity-in-indianapolis/#comment-1015 I have family in Indianapolis who are real estate appraisers. They frequently send me listings of homes for sale in Indi for less than $20,000. First-time home buyers (or anyone who hasn't owned a home in the past 3 years) would qualify for an $8,000 tax credit for a house purchased before December 1, 2009. That means that these entry-level home buyers can get close to a 50% discount on their first house, as a tax refund from the purchase of home that is already substantially reduced in price. I can't imagine why everyone wouldn't want to do that. Homes in San Diego CA start at closer to $300K, so the incentive isn't nearly as great. I have family in Indianapolis who are real estate appraisers. They frequently send me listings of homes for sale in Indi for less than $20,000. First-time home buyers (or anyone who hasn’t owned a home in the past 3 years) would qualify for an $8,000 tax credit for a house purchased before December 1, 2009. That means that these entry-level home buyers can get close to a 50% discount on their first house, as a tax refund from the purchase of home that is already substantially reduced in price. I can’t imagine why everyone wouldn’t want to do that. Homes in San Diego CA start at closer to $300K, so the incentive isn’t nearly as great.

]]> http://www.indyrealestatetalk.com/first-time-buyer-opportunity-in-indianapolis/comment-page-1/#comment-995 Charles Richey Fri, 12 Jun 2009 23:40:07 +0000 http://www.indyrealestatetalk.com/first-time-buyer-opportunity-in-indianapolis/#comment-995 People were hoping they could use the money for the down payment. Still, you only have to come up with 3.5% down...that's a far cry from the 20% I had to when I bought my first house. People were hoping they could use the money for the down payment. Still, you only have to come up with 3.5% down…that’s a far cry from the 20% I had to when I bought my first house.

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