Zillow Advice RSS: Question-Discussion-Guide,Home Buying,Greenville- SC

what if my parents co-sign and are on th title with me will i still get the $8000

Tue, 01 Dec 2009 22:23:00 GMT

2 replies

Repeat Buyer Tax Credit

Fri, 30 Oct 2009 20:12:00 GMT

If I purchased a home in May, would I qualify for the $6500 repeat buyer's credit? I owned my previous home for 7 years. Is there anywhere I can read a copy of the legislation?

10 replies

If you buy a home out of a deceased family members estate, do you qualify for the 8k?

Fri, 30 Oct 2009 17:40:00 GMT

I have a friend who's grandmother passed away. She is buying the home from the estate of the grandmother. Does she qualify for the 8k?

4 replies

patio homes for sale in greenviille sc

Sat, 26 Sep 2009 09:59:00 GMT

listing of patio homes for sale in greenville sc

1 reply

I have already signed my contract with the builder without any agent can I chose to one at closing?

Thu, 17 Sep 2009 15:53:00 GMT

I have already signed my contract with the builder without any agent can I chose to go with one at time of closing?Should I disclose my realtor well before signing contract or can I bring them at any stage?

4 replies

What county is 140 ridge st in

Thu, 21 May 2009 19:23:00 GMT

4 replies

Principal/Rental - 8K FTHB Tax Credit

Sun, 22 Mar 2009 01:40:00 GMT

I'm currently single and do not qualify for the tax credit due to the 2008 income restrictions. However, my girlfriend does qualify for 100% of the credit based on her income. We're evaluating our options to take advantage of the tax credits prior to getting married and have a few questions.
Option 1: Purchase home together in 2009 – she applies credit to 2008 tax return
If we purchased a home together in 2009, assuming that I'm above the 2008 phased out income limit, would she be eligible for 100% of the $8K credit if her income is below $75K?

Option 2: Girlfriend (only) purchases townhouse - takes deduction on 2008 tax return - I defer compensation in 2009 to ensure I qualify for the credit based on 2009 MAGI – I (only) purchase home @ end of 2009..
-Can I qualify based on 2009 MAGI or is it only on 2008 MAGI?
-She'll purchase as principal residence, however I may purchase a home @ the end of 2009 while we're still not married. It's my understanding that to avoid refunding the credit, the home cannot be "sold" within 3 years from the purchase date. Can we rent out the unit and still be in compliance?
Leaning towards option 2 as this allows both of us to take advantage of the tax credit before getting married and would give us an opportunity to get into a rental property without having to put 20% down. I'm just not sure about the principal/rental portion...
Any suggestions greatly appreciated!

zebraceo

1 reply

FHA Loan Income

Sat, 02 May 2009 02:30:00 GMT

Hi guys,

My girlfriend and I are looking at buying a home this August. We are currently full-time students and she has been a waitress part-time for just under 2 years.

We will both be accepting full-time jobs at the beginning of June. We have $6,000 saved for downpayment costs, hopefully getting the 3.5% the FHA offers. How long will we have to hold these jobs before the income from this employment will be eligible to use on a FHA loan application? 30 days? Also, what paperwork would I need to make sure I have?

Thank you for any help!

Jon

5 replies

Is there a way to look at average price per square foot of houses in specific subdivisions on zillow

Fri, 30 Jan 2009 16:01:00 GMT

1 reply