I want to add don't go over your head..get what you can afford..start off small and then save...it's worth it and less stress..too many people try to keep up with friends and that's basically why America is in it's current condition...keeping up with Jones'
Big houses are not what make you happy, a good marriage is and that is work.
ok off the soapbox
BTW: I think LI taxes are INSANE..this is why we are staying in Queens.
AgaBride062610
Posted:
Member since
Re: spinoff to ? about %
the property taxes are the reason why I want to stay in Queens and not move to NJ or LI .. this whole process is stressing me out... as if you also close before June 30 2010 you can get the 8,000 back for first time home buyrs or 6,500 for the second time buyers
dfw343
Posted:
Member since
Re: spinoff to ? about %
Posted by AgaBride062610
the property taxes are the reason why I want to stay in Queens and not move to NJ or LI .. this whole process is stressing me out... as if you also close before June 30 2010 you can get the 8,000 back for first time home buyrs or 6,500 for the second time buyers
6,500 for second??reallly? Holy crap did not know that...I better flip soon lol
I just realized its if you lived in it 5 years..it will be 4 then bahhh
Future Mrs P
Posted:
Member since
Re: spinoff to ? about %
We applied for the credit since it was our first home which was really helpful. And definitely stay within you're budget. Know before you even start looking how much you can afford each month and don't look at houses beyond this. I also think that we have a bunch of friends who pay over $2k for their one bedroom apts in the city so even though our monthly payments are a little more we will make money when we sell the house and buy something bigger whereas they're basically loosing everything they put in.
LouieDianna2010
Posted:
Member since
Re: spinoff to ? about %
Posted by AgaBride062610
the property taxes are the reason why I want to stay in Queens and not move to NJ or LI .. this whole process is stressing me out... as if you also close before June 30 2010 you can get the 8,000 back for first time home buyrs or 6,500 for the second time buyers
yeah i wish this credit applied to me!!... unfortunately i work for an organization that pays my taxes for me so i get no benefit for write offs!!!!! if i get money back... its goes right back to them!! WOMP WOMP!!!!!!
christine2010
Posted:
Member since
Re: spinoff to ? about %
Posted by AgaBride062610
if you also close before June 30 2010 you can get the 8,000 back for first time home buyrs or 6,500 for the second time buyers
the credit is 10% of the purchase price up to $8,000. so in order to get $8,000 you have to purchase a home for $800,000.
same with the $6,500 credit. its 10% of the purchase price. & you would have to live in your first home for 5 consecutive years.
FuTuRe MrS MaZz
Posted:
Member since
Re: spinoff to ? about %
Posted by christine2010
Posted by AgaBride062610
if you also close before June 30 2010 you can get the 8,000 back for first time home buyrs or 6,500 for the second time buyers
the credit is 10% of the purchase price up to $8,000. so in order to get $8,000 you have to purchase a home for $800,000.
same with the $6,500 credit. its 10% of the purchase price. & you would have to live in your first home for 5 consecutive years.
Do your math again... you need to at least buy an 80,000 home to get the full 8k.... And that is easily done on LI
