Delaware Realtors – The Voice for Real Estate in Delaware

First-Time Homebuyer’s Credit Information

Effective immediately, the First Time Home Buyers Credit provides some relief to first-time homebuyers by reducing the buyer’s portion of the state transfer tax by one-half of the one percent increase levied in 2017 by the General Assembly. A cap on the purchase price is set at $400,000, and the maximum credit that can be claimed is $2,000. First-time homebuyers who paid the full tax after August 1, 2017, can apply for a refund.

To qualify as a first-time buyer, individuals must have no record of owning a direct, legal interest in residential real estate. In addition, all first-time buyers must intend to occupy the property as their principal residence

Information on credit qualifications, FAQs, and forms can be found here. Also on that page is the number for Taxpayer Assistance.

For more information, brokers may contact the DAR Legal Hotline; instructions are here. Buyers may also contact their accountant.

One-Day Course

Increase Wealth with Rentals and Other Investment Properties

Nov. 7, 8:30 a.m. – 4:30 p.m.

Nobles Pond, Dover

Earn 6 DREC CE credits for Modules 6/7 and 8 credit hours toward CRS designation. Free RRC membership on registrations prior to Oct. 31.

Get details and register here.

Offered by the NJ/DE Residential Real Estate Council

Welcome to Our Newest Major Investor!

Bridget Lane

Kent County Association of Realtors

NAR introduces the Center for REALTOR® Financial Wellness, a new online resource designed to help REALTORS®—no matter their age, industry experience, or amount of wealth—navigate financial planning and prepare for retirement.

Mark Wahlberg, Oscar® and Golden Globe nominee and philanthropist, will speak during the general session at the 2018 REALTORS® Conference & Expo. Get all conference details here.

What do you know about the REALTOR® PARTY? Click the logo below to get the story!

Extras

According to NAR’s 2018 Team Survey, the number of real estate teams is growing.

NAR is committed to pursuing nationwide or regional options that offer health insurance options.

Hear about the meals deduction elections, and more in this Voice for Real Estate video.

This Window to the Law video discusses issues assistance animals in housing.

Get money back on your purchase and lease of select Alfa Romeo, Chrysler, Dodge, Jeep®, Ram, or FIAT® models.

2018 DAR Realtor of the Year

Sussex County’s Bruce Plummer

Scenes from the 2018 DAR Annual Convention and Trade Show