Columbia SC Real Estate Purchases Made Easier for First-time Home Buyers

First–time home buyers in Columbia, SC and around the country have a terrific opportunity to take advantage of the new tax credit that Congress has passed as part of its economic stimulus plan to jumpstart the economy and the US housing markets. Congress has passed legislation that grants a tax credit of up to $8,000 to first-time home buyers. To be eligible for the credit, first-time home buyers must purchase a home between January 1, 2009 and December 1, 2009. A “first-time home buyer” is defined as a purchaser who has not owned a residence during the three years prior to the purchase (spouse may not have owned a residence either). The only properties eligible for the tax credit are primary residences. Single-family homes, townhouses, and condos are eligible for the credit. The maximum allowable credit for home buyers is $8,000. Each home buyer’s tax credit is determined by two factors: 1) price of the home - the credit is equal to 10% of the purchase price of the home, up to $8,000. 2) buyer's income - single buyers with incomes up to $75,000 and married couples with incomes up to $150,000 - may receive the maximum tax credit. Buyers can receive a smaller credit if their income exceeds these limits. The smaller credit is available for single buyers who earn between $75,000 and $95,000 and home buyers filing jointly who earn between $150,000 and $170,000. This credit never has to be repaid if the buyer occupies the home for three years or more but the credit will have to be paid back if the house is sold during the three year period. We are seeing a very positive impact on the Columbia, SC real estate market as the tax credit is encouraging more and more first-time home buyers to take the plunge.

For more information on the Columbia SC Real Estate Market contact Ed Flowers Broker/Owner of EXIT Sandlapper Realty at 877-357-3948.

Columbia SC Real Estate for Sale

Columbia Entry Level Homes [less than $125K]	Columbia Median Homes [$125K ~ $300K]	Columbia Upscale Homes [$300k ~ $600K]
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Columbia Real Estate: Homes for Sale in Columbia SC. You will also find the following home searches, Columbia Entry Level Homes, Columbia Median Homes, Columbia Upscale Homes, Columbia Luxury Homes, Columbia Million Dollar Homes, and Columbia Lots and Land for Sale in Columbia SC. Other popular towns and areas for search: Columbia, Irmo, Blythewood, Northeast Columbia, Southeast Columbia, Lake Murray, West Columbia, Kershaw County, Camden, Chapin, Elgin, Gilbert, Leesville, Lugoff, Prosperity, and Winnsboro South Carolina. Exit SandLapper Realty. Call us Toll Free for more details (877) 357-EXIT (3948).

Columbia SC Real Estate for Sale
Exit Sandlapper Realty, led by Ed Flowers, is your direct link to all the properties for Sale in Columbia South Carolina. List your property and receive excellent results from the leaders in Real Estate in all areas such as Columbia, Irmo, Blythewood, Northeast and Southeast Columbia, Lake Murray, West Columbia, and all of Kershaw County South Carolina.