We absolutely love our new house!
It was the perfect timing and we feel that we got a great deal and couldn’t have asked for a better situation. Plus, we’re really happy that our house sold FULL PRICE in a matter of four days!
One incentive for us to get the show on the road a little faster than we had planned was the real estate tax benefit!
Since we’re not first time homebuyers but had our older house for longer than eight years we were eligible for the $6,500 tax credit!
Now Margot just has to file her taxes so that we can spend that money on our new kitchen!
When we were negotiating the house we figured that the tax credit would help us afford a house that might have been a little bit out of our price range. Or in our case, the house was well within our price range but needs quite a bit of work and updates.
This video talks a little bit about the tax credit and you can get an idea if you qualify.
The problem in the Ithaca Real Estate market is that there just aren’t enough good, quality houses on the market!
I’m so glad that it all worked out the way it did and we got a great house plus a nice little tax credit!