Zillow Advice RSS: Question-Discussion-Guide,Home Buying,Greensboro- NC

First Time Homebuyer Credit Extended and Revised

Fri, 06 Nov 2009 15:15:00 GMT

Congress passed an extension of the First-Time Homebuyer Credit. It is expected to be signed by President Obama this morning. The new bill has some more generous provisions than the original law. It increases the allowable adjusted gross income to $125,000 for single taxpayers and to $225,000 for those filing married filing jointly. Added to this bill is a $6,500 incentive for current homeowners who have lived in their current home for at least five years. For a side-by-side comparison of the current law and the new law from the National Association of Realtors, click here: NAR First Time Homebuyer Comparison Chart

The $8,000 credit was due to expire at the end of this month but will now continue through June 30, 2010. Here in Greensboro, we have seen an increase in home sales for houses priced below $200,000. Perhaps with these new incentives for existing homebuyers who want to move into a bigger home, we will see home sales in this market increase, as well.

4 replies

how have recently sold homes compared with zestimates in greensboro, nc

Sun, 23 Aug 2009 13:29:00 GMT

1 reply

how recently sold homes compared to zestimates in greensboro,nc

Sun, 23 Aug 2009 13:27:00 GMT

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Why is a recent sale transaction (2+mo) not reflected. Is the "updated value" actually the sale amt?

Thu, 06 Aug 2009 14:23:00 GMT

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I'm a real estate broker. How do I list a property for sale???

Wed, 05 Aug 2009 22:39:00 GMT

1 reply

I do not see a "click to see more " button anymore

Mon, 06 Jul 2009 18:15:00 GMT

I was looking at a home earlier today and could see the aerial view of the home from all directions- now I cannot find that button!!

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gifted home

Fri, 13 Mar 2009 04:21:00 GMT

my parents gave their old home to my sister and myself. i paid her for her half of the house. since i didn't actually purchase the house, would i qualify for the $8K credit?

7 replies

suggest offer?

Sat, 14 Mar 2009 02:57:00 GMT

this home http://www.zillow.com/hom ... 013_zpid/ is going to be auctioned next sunday. i would li

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How do you compare tax value vs market value on a tract of land without structures vs with structure

Mon, 29 Dec 2008 15:20:00 GMT

Considering buying a tract with an assessed tax value of $60K. Seller is under the impression this is approx 70% of market value.

1 reply