Image via Wikipedia
If you are getting unsolicited telephone sales calls
The Do Not Call Registry is here for you:
http://www.ftc.gov/donotcall [Read More]
As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has passed new legislation that:
Extends the First-Time Home Buyer Tax Credit of up to $8,000 to first-time home buyers until April 30, 2010.
Expands the credit to grant up to $6,500 credit to current home owners ... [Read More]
As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has passed new legislation that:
Extends the First-Time Home Buyer Tax Credit of up to $8,000 to first-time home buyers until April 30, 2010.
Expands the credit to grant up to $6,500 credit to current home owners purchasing a new or existing home between November 7, 2009 and April 30, 2010.
The IRS has released a revised Form 5405 to reflect the changes to the tax credit made in the extension and expansion legislation enacted in November 2009.
The release reminds taxpayers that all tax returns claiming the tax credit must be filed manually, they cannot utilize the IRS E-File automatic system!
The revised form includes a section for those repeat buyers who are eligible to claim the $6500 tax credit. The HUD-1 or evidence of the transaction must be filed with all returns claiming the credit (both the $8000 and $6500 credits). Individuals who claim the repeat buyer credit must also provide evidence that they have owned and used the prior residence for 5 consecutive years. The instructions indicate that property tax or homeowners insurance records are sufficient for this purpose. Your Real Estate agent or title company should be able to provide you with a copy of your HUD-1 should you need it.
Image via Wikipedia
The inventory around the $100,000 range is slimmer here around the Lake and with multiple offers on the table for them from many buyers it makes it difficult to obtain a house in that price range as of late especially if it needs repairs and your buyers loan requires them to be done ... [Read More]
Image via Wikipedia
The inventory around the $100,000 range is slimmer here around the Lake and with multiple offers on the table for them from many buyers it makes it difficult to obtain a house in that price range as of late especially if it needs repairs and your buyers loan requires them to be done or guess what—no loan.
I am no expert by any means and that’s ok. We all know what an ex is whether we have one or not. And a spurt—well— I’ll just say I am glad no one calls me an expert. Ha.
I believe that interest rates will climb probably 1/2% when the make the move and without my crystal ball handy (it’s in the shop) I don’t know when that’ll happen. But I will say this—with the 1st time buyers tax credit coming to a close and with interest rates down right now, if you are thinking about purchasing a home now’s the time. Cause if you don’t if you wanna roll the dice ( It Sup To You) (as my gram used to say to me) Sup to You—Buy Buy Now.
Loading ...
