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Call Shanna Today
Thank you for visiting me on the web. My site contains a multitude of tools to
help you search for your next home, sell your existing home and learn more about buying and selling real
estate.
Sit back, relax and have fun while browsing through the options. Check out
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information about greater Columbus.
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Corner to learn how I can help you with the
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I would be delighted to assist you with your next real estate transaction, feel
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contact me and I will be happy to provide you answers to any
questions you may have, and become your realtor for life.
Mortgage
Credit Certificate (MCC) program for first-time homebuyers
The Ohio Housing Finance Agency (OHFA) will be
making $12.5 million in Mortgage Credit Certificates available to approximately
the first 1,000 qualified homebuyers statewide.
- Must be a
first-time buyer
- Loan must have
closed on or after March 23
- Can be used
with the $8,000 first-time homebuyer tax credit
- Can be taken
every year for the life of the loan
An MCC creates an income tax deduction that reduces a household's federal income
tax liability and allows the household to have more available income to make
mortgage payments.
Homebuyers who qualify receive a Mortgage Credit Certificate from OHFA, which
can be used to reduce their household's tax burden every year for the life of
their loan. With an MCC, a percentageof what you pay in mortgage interest
(20, 25, or 30 percent) becomesa tax credit that you can deduct
dollar-for-dollar from your income tax liability.
The remaining 80, 75, or 70 percent of mortgage interest continues to qualify as
an itemized tax deduction, as long as you have sufficient tax liability.
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March home sales up 54 percent
Numbers of home sales and new listings both on
the increase
There were 1,704 central Ohio homes sold during March of 2010. This is 54.1
percent higher than the previous month and 25.3 percent higher than March of
2009. First quarter saw 3,873 homes sell in central Ohio which is 12.5 percent
more than home sales
during January through March of 2009, according to the Columbus Board of
REALTORS®.
There were 4,949 residential homes put on the market last month – a 44.3 percent
increase over new listings the previous month and
32.8 percent higher than homes listed in March of 2009.
“The central Ohio housing market is on fire right now,” exclaims Sue
Lusk-Gleich, President of the Columbus Board of REALTORS®.
“There’s no question the home buyer tax credits have a lot to do with our market
activity. But the significant increase in listings as
well as rising sale prices are clear evidence that our local market is regaining
its strength.”
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- Columbus Board of Realtors>
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