Oct. 11, 2009 12:00 AM
The Arizona Republic
Some Valley residents actually benefited from the housing crisis. Here are some of their stories:
First-time owners take advantage of tax credit
Christina and Chad Haller said the First-Time Homebuyers Tax Credit motivated them to buy their first home sooner than they had planned. “We probably would’ve waited a year if it weren’t for the tax credit,” Christina said.
More than 38,000 Arizonans have taken advantage of the tax credit, which expires Nov. 31, according to the IRS. It covers 10 percent of the home’s purchase price, up to $8,000.
The Hallers closed on a 1,200-foot, three-bedroom, two-bathroom home in Gilbert in June. After spending about six weeks repainting most of the home and fixing up a few things, such as adding new stainless steel appliances to the kitchen, they moved in the first week of August.
“We saw a million houses, so I was just happy to finally find one that my husband and I were happy with,” said Christina Haller, whose home cost $132,500. “We really wanted to live in Tempe, but we were on a budget, and it was a cute house that we could afford.”
- Justin Doom
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