Comments on: Incredible Opportunity – First Time Home Buyer Tax Credit http://www.sunapeeregionblog.com/2009/03/incredible-opportunity-first-time-home-buyer-tax-credit/ Lake Sunapee Region real estate sales and market information. Located close to the Dartmouth and Manchester/Concord areas our location offers the ability to live and work year round in a vacation destination. Fri, 06 Jan 2012 18:55:10 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Lake Sunapee Region Real Estate Sales Stats April 2011, New London NH, Newbury NH, Sunapee Waterfront, Real Estate NH New Hampshire http://www.sunapeeregionblog.com/2009/03/incredible-opportunity-first-time-home-buyer-tax-credit/comment-page-1/#comment-4013 Lake Sunapee Region Real Estate Sales Stats April 2011, New London NH, Newbury NH, Sunapee Waterfront, Real Estate NH New Hampshire Thu, 05 May 2011 13:35:41 +0000 http://sunapeeregionblog.com/?p=527#comment-4013 [...] this April were down 14%  compared to last year. This number may sound bad but last April we had the first time home buyers tax credit which spurred a large increase in buyer traffic and closings for that month. If you compare [...] [...] this April were down 14%  compared to last year. This number may sound bad but last April we had the first time home buyers tax credit which spurred a large increase in buyer traffic and closings for that month. If you compare [...]

]]> By: Next Steps! Getting Your 1st Time Home Buyer Tax Credit « Mount Sunapee, Lake Sunapee NH Real Estate http://www.sunapeeregionblog.com/2009/03/incredible-opportunity-first-time-home-buyer-tax-credit/comment-page-1/#comment-27 Next Steps! Getting Your 1st Time Home Buyer Tax Credit « Mount Sunapee, Lake Sunapee NH Real Estate Thu, 16 Jul 2009 14:12:37 +0000 http://sunapeeregionblog.com/?p=527#comment-27 [...] To learn more about the tax credit please check out my previous post: Incredible Opportunity First-Time Home Buyer Tax Credit [...] [...] To learn more about the tax credit please check out my previous post: Incredible Opportunity First-Time Home Buyer Tax Credit [...]

]]> By: Dan O'Halloran http://www.sunapeeregionblog.com/2009/03/incredible-opportunity-first-time-home-buyer-tax-credit/comment-page-1/#comment-25 Dan O'Halloran Thu, 16 Apr 2009 19:34:44 +0000 http://sunapeeregionblog.com/?p=527#comment-25 Hi Joel- Excellent question! I called and spoke with my accountant as well as some lenders I know just to make sure I was offering the correct response. As you mentioned most of the information surrounding this credit points towards your "purchasing price" this is also true on all of the tax filing documents surrounding the credit. So it looks like in this scenario you would be claiming the $50,000 purchase. Thanks so much for stopping by! Please feel free to ask more questions! Dan Hi Joel-
Excellent question! I called and spoke with my accountant as well as some lenders I know just to make sure I was offering the correct response. As you mentioned most of the information surrounding this credit points towards your “purchasing price” this is also true on all of the tax filing documents surrounding the credit. So it looks like in this scenario you would be claiming the $50,000 purchase.

Thanks so much for stopping by! Please feel free to ask more questions!
Dan

]]> By: Joel Calhoun http://www.sunapeeregionblog.com/2009/03/incredible-opportunity-first-time-home-buyer-tax-credit/comment-page-1/#comment-26 Joel Calhoun Thu, 16 Apr 2009 17:35:27 +0000 http://sunapeeregionblog.com/?p=527#comment-26 You seem fairly knowledgeable on the 2009 first time home buyers tax credit and renovation loans. I was wondering how those two items work together. The tax credit is worded such that is seems like the home purchase price is what is eligible for the 10% credit. My question is if I bought a home that was listed at 50k and got a renovation loan for 80k to make improvements and purchase the home, would my tax credit be 5k or 8k? You seem fairly knowledgeable on the 2009 first time home buyers tax credit and renovation loans. I was wondering how those two items work together. The tax credit is worded such that is seems like the home purchase price is what is eligible for the 10% credit. My question is if I bought a home that was listed at 50k and got a renovation loan for 80k to make improvements and purchase the home, would my tax credit be 5k or 8k?

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