September First Time Homebuyer Classes Forming

With the tax credit scheduled to end Nov. 30th, two more free classes will be offered to first time homebuyers. Once again they will be located at the Chestnut Village Center in Greenville, Ohio and will take place Wed. Sept. 9th and Thurs. Sept. 24th from 6:30 - 8:00. Many items will be discussed but the two most important ones are the government tax credit and the USDA no money down loan that is still available. The home search and the loan process can take as long as 60 days so the time to start looking for that first home is now.

To register you can contact me via email at trfinch@gmail.com or by phone 937-423-3316. Just let me know which night you would like to attend.

The Great Darke County Fair

It's that time of year when most everything that breathes in Darke County, Ohio is gearing up for The Great Darke County Fair. It all kicks off this Friday Aug. 21st and runs till Aug. 30th. As always, the Leis Realty tent will be in its familiar location across from the Gazebo with all of the listings prominently displayed. I'll be there on Mon. Aug. 24th from 4:30 - 10:00, so stop by and say hi and pick up a very nice shopping bag to carry all of your fair goods in. Also, if you're a first time homebuyer we still have a few spots open for tomorrow night's class at the Chestnut Village Center from 6:30 - 8:00. To register give me a call (937-423-3316) or email me trfinch@gmail.com. See you at the fair.

Last First Time Homebuyer Class For August

The last first time homebuyer class scheduled for August will be next Wed. the 19th at the Chestnut Village Center from 6:30 - 8:00. Two more have been scheduled for Sept. 9th & 24th but if you're planning on taking advantage of the government tax credit and you haven't started looking for that first home you need to get started because it ends Nov. 30th. Today a loan process from start to closing can take as long as 60 days depending on which loan program you're using. Let me know if you have any questions.

Most Asked Tax Credit Questions Answered

1. How can I know if I'm eligible?

-must be a first time homebuyer, which by government definition means can't have
owned a home in the last three years.

2. I know there are restrictions or fine print, what are they?

-the home you purchase must be your primary residence.
-cannot buy your home from a close relative.
-cannot be a nonresident alien.
-must maintain this as your main home for three years.
-income limits for full credit are $75,000 for individuals and $150,000 for couples.

3. How long do I have to take the credit?

-it expires on Nov. 30, 2009 which means you must close on the home by this date.

4. What if I sell this home before the three year time period?

-it must be repaid in full.

5. Do I have to wait till I file my 2009 taxes in order to get the money?

-no you can file a 2008 amended return.


More questions and answers can be found at www.federalhousingtaxcredit.com or feel free to give me a call 937-423-3316 , email me trfinch@gmail.com, or register to take one of the free first time homebuyer classes I offer (see previous posts). Information about the classes can also be found at www.darkecountyproperties.com or www.leisrealty.com.

Tax Credit Extension????

There's been a lot of rumors out about the possibility of the government extending the first time homebuyer tax credit past the Nov. 30th deadline or that they could upgrade it to a $15,000 credit to all home buyers (not just 1st timers). The latter is getting the most support from the National Association of Realtors (NAR) because they feel this will stimulate the housing market more than anything else. The date that keeps surfacing in articles that I've read is to extend it to July 1, 2010. I'll keep you posted on any updates, but just remember if you're a first time homebuyer waiting past the Nov. 30th date could be a gamble because there is still a lot of debate plus the fact that it could cost the government (or should I say the taxpayers) another $32 billion. Any questions or comments leave them below or you can give me a call (937-423-3316), email (trfinch@gmail.com), visit my website www.darkecountyproperties.com, or better yet attend one of the first time homebuyer classes coming up (see previous posts for more).

Still Taking Registrations For Free Classes

There are still openings for the Free First Time Homebuyer classes Aug. 12th & 19th at the Chestnut Village Center within the Brethren's Retirement Community in Greenville, Ohio. If you're a first time homebuyer (haven't owned a home for 3 yrs.) you qualify for the government tax credit of up to $8000 but you'll need to take advantage of this soon because it expires Nov. 30th of this year. If you've thought that owning a home was out of reach in the past then now is the time to check in to the possibility again. Along with the tax credit there are still some great loans out there which you may qualify for if your credit score is above 620. Another big plus is the many homes available today. Call today (937-423-3316) or email (trfinch@gmail.com) to register. All we'll need is your name, how many to expect, and the date you're planning to attend. You can see more information on this class by checking out one of my previous posts on this blog or by viewing www.darkecountyproperties.com.

ate at BTO yogurt ...nice change of pace in Greenville. Help support the new business.

Check out the next dates for the next first time homebuyer classes in Greenville. www.darkecountyproperties.com