we brought our home in 2005 do we qualify for the 8000 tax credit?

Profile picture for lahill
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January 12 2010 - US
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Answers (7)

Profile picture for MikeEmery
Ok. Completely understood.

Despite what the public thinks of us real estate agents, 99 percent of us are obsessive about following the law.

I'm glad to see that you are too.
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January 12 2010
Profile picture for Ericmabrams
Mike, 

I'm sorry but the California Department of Real Estate is extremely cut and dry on this issue.  I am a licensed broker in California and thus governed by the laws of my State. 

Those of use who are licensed in California MUST identify ourselves in ALL correspondence and include our license numbers, etc.  We must even include such information on business cards, within all e-mails, and in ALL internet postings, even within short messages coming from cell phones. 

If California's laws are a violation of Zillow's Terms of Service or vice versa, it's something that is best taken up with Zillow and not I. 

Trust me, it's not something we in California take lightly. We've had to reprint thousands of dollars worth of marketing materials, but the penalties are very strict for not including such information.  I've contacted the CA DRE specifically on this issue, and they've informed me that this info must be included within each Internet posting.  

Zillow is undoubtedly aware of this, and they'll figure out the correct policy.  Until then, please feel free to contact Zillow, which will perhaps prompt them to change their policy as my included info is not SPAM but LEGALLY required information, point blank. 


Best, 
Eric M. Abrams
[content removed by moderator]
Executive Sales, Leasing, and Investment

[content removed by moderator]
California Real Estate Broker
DRE License# 01862927

Highland Partners Prudential 
342 Highland Avenue
Piedmont, CA 94611
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January 12 2010
Profile picture for MikeEmery
Eric could you please refrain from including your contact information along with your answers. This is a violation of Zillows Terms Of Service and 'no spam' policy,

Thanks
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January 12 2010
Profile picture for Ericmabrams
You may qualify for the revised tax credit.  It also depends who bought the home.  Are you married?  Do you and your wife own the home as community property?  Who will be buying the next home?

Quite a few questions remain, in order to determine if you'll qualify for the revised tax credit that's now being offered to current home owners. 

If your question is simply, do you qualify based upon purchasing a home in 2005, than unfortunately the answer is: no. 

Best of luck, 




Eric M. Abrams
[content removed by moderator]
Executive Sales, Leasing, and Investment

[content removed by moderator
California Real Estate Broker
DRE License# 01862927

Highland Partners Prudential 
342 Highland Avenue
Piedmont, CA 94611
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January 12 2010
Profile picture for MikeEmery
Why do folks think that they qualify for a tax credit because they own a home? Where is this misinformation coming from?

If you are considering selling your current home and buying a new home you may qualify for the $6,500 tax credit. But this is dependent on you owning a home for five calendar years prior to closing on another home. There are other qualifiers as well, so if this is your plan, restate the question and you will get some answers.
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January 12 2010
Profile picture for lorihuey

No, because you have owned a house in the last three years.

www.kylehomesinfo.com

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January 12 2010
Profile picture for sunnyview
No. I don't think you are eligible. The tax credit was meant to stimulate purchases not reward those who already bought. The IRS has a page with more information about the buyers credit here.
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January 12 2010
 

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