You only have? 19 days left to get that dream house under contract before the Federal tax credits expires – April 30th. You then have until June 30th to get to settlement and fund the purchase. We’ve put together a quick online presentation explaining how the combination of rising interest rates, potentially rising home prices, [...]
Archive for category Tax Credit
Five Tips About the First-Time Homebuyer Credit Documentation Requirements? ?
Claiming the First-Time Homebuyer Tax Credit on your 2009 tax return might mean a larger refund but it can seem complex. Are you confused about the documentation requirements? The IRS recognizes that the settlement documents can vary from location to location, so here are five [...]
My newsletters for October are posted on my website.? Here are the topics this month:
October 2009 Real Estate Trends: General real estate related news for the past month including articles on the current use of tax incentives by the government to stimulate the economy.
The Sales Update – Commitment Primarily focused on sales professionals.? [...]
Nice Bounce
Aug 22
Existing home sales gained 7.2% in July – more than expected. Analysts were looking for home sales at an annualized rate of about 5 million homes and the annualized rate came in at 5.24 million. Here is our report: July Existing Home Sales
Sales of existing homes have risen for 4 consecutive months [...]
There is a little-known provision in the American Recovery & Reinvestment Act of 2009 that authorizes a PARTIAL TAX CREDIT if a first-time home buyers income EXCEEDS the adjusted gross income (AGI)? limit of $75,000 for a single person and $150,000 for a married couple.?
Two important things you need to know:
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