Real estate agents make a living helping people buy and sell homes. For quite awhile, there have not been nearly enough home buyers or serious sellers to keep us agents happy. There are always some buyers and sellers out there, and we’re thrilled when we get to help someone, particularly since the funky market has made [...]
Posts Tagged ‘tax credit’
Tax Benefit for First Time and Repeat Homebuyers Not Having Much Effect
Posted in General Real Estate Market, tagged $6500 tax credit, $8000 tax credit, first time home buyers, housing market, repeat home buyers, tax credit on March 26, 2010 | Leave a Comment »
No Point in Listing Too High
Posted in Finance, General Real Estate Market, Real Estate, tagged $6, $8000 tax credit, 500 tax credit, home prices, home pricing, home sales, Home Sellers, home selling, mortgages, tax credit on November 19, 2009 | Leave a Comment »
The good news is that there are buyers out there, especially since the passage of the expanded home buyer tax credit which now offers a tax credit for current homeowners who want to sell their home and buy another primary home (see details HERE). The problem is that some of those people thinking of selling their [...]
First Time Home Buyer Tax Credit News
Posted in Finance, General Real Estate Market, tagged first time home buyers, first time homebuyers, tax credit on June 2, 2009 | Leave a Comment »
I told you last week that HUD has decided to allow FHA approved lenders to offer a bridge loan in order to enable first time home buyers to use the $8,000 tax credit for additional down payments and closing costs (FHA still requires the buyer to provide a minimum 3.5% down payment). I’ve talked to several lender [...]
Using the $8,000 First Time Home Buyer Tax Credit for Down Payment
Posted in Finance, General Real Estate Market, Real Estate, tagged $8000 tax credit, first time home buyers, Home Buyers, tax credit on May 13, 2009 | 2 Comments »
We’ve been talking to people recently about how great it is for first time home buyers to get a tax credit of up to $8,000 after closing on a home purchase. For many people, that works just fine- they close the deal and a few weeks later they get an $8,000 check from the feds. [...]
More Homebuyer Tax Credit Help?
Posted in General Real Estate Market, Iredell County, Mooresville, Real Estate, tagged Home Buyers, homebuyers, North Carolina legislature, tax credit on May 4, 2009 | 1 Comment »
I went to the monthly meeting of the Iredell County Developer’s Council today in Mooresville and enjoyed hearing Rep. Rick Killian speak about various issues he’s working on in the NC legislature. One that he is working particularly hard for is a North Carolina version of the federal first time home buyer’s tax credit that [...]
Now on Sale!- A House for You
Posted in Real Estate, tagged first time homebuyers, Home Buyers, homebuyers, tax credit on April 24, 2009 | Leave a Comment »
OK, let’s review: House prices have come down to the lowest levels in years. There’s some evidence that many markets are finding a bottom. Morgage Rates are around 4.75% for a 30 year conventional loan or 6% for a jumbo (over $417,000). USDA mortgage loans that offer no money down transactions for qualifying buyers are [...]
First Time Homebuyer- Could You Use $8,000?
Posted in Finance, General Real Estate Market, Real Estate, tagged first time homebuyers, homebuyers, tax credit on April 23, 2009 | 1 Comment »
I keep running into people who don’t know about the government incentive to encourage first time homebuyers to go ahead and make that purchase. For gosh sakes, you can get up to $8,000 free and clear for buying a house. This is not a tax deduction like mortgage interest. This is cash that the government will [...]
Getting That $8,000 First Time Homebuyer Tax Credit
Posted in Finance, General Real Estate Market, tagged Home Buyers, Home Sellers, IRS, tax credit on March 31, 2009 | Leave a Comment »
I’m working with a young couple who are first time homebuyers. They will be eligible to get the $8,000 tax credit after they close on their home. Since they’ve already filed their taxes for 2008 income, they’ll just file an amended return after they close on their purchase to get that process going. This is [...]
FAQ on the First Time Homebuyer Tax Credit
Posted in Finance, General Real Estate Market, tagged first time homebuyers, tax credit on February 24, 2009 | Leave a Comment »
REALTORS are of course very interested in helping clients take advantage of the First Time Homebuyer Tax Credit, so I’ve been looking for various information sources to pass along to you to see if you qualify if you’re in the market. Not surprisingly, the Natinal Association of Realtors is working hard to get the details [...]
Couple of Useful Housing Stimulus Details
Posted in Finance, General Real Estate Market, tagged first time buyers, Home Buyers, housing stimulus, investors, tax credit on February 23, 2009 | Leave a Comment »
I’m slowly getting more details about the housing stimulus package that may be of use to my clients and readers. A couple of nuggets I’ve found are here: 1- Even if you’ve already filed taxes for 2008, if you buy a house by the end of the year, you can file an amended return to [...]
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