Coldwell Banker is still offering a Tax Credit – Don’t Miss Out!

0

Posted by Park Ridge Real Estate | Posted in Tax Credits and Info | Posted on 08-06-2010

Coldwellbanker logo
Image via Wikipedia

Missed the home buyer tax credit? 

No?

 

Well-  there’s an even better Buyer Bonus!

May 1st – July 31st

Get up to an $8,000 credit back at closing.

The Coldwell Banker Buyer Bonus Event is a national sales promotion that begins on May 1st and lasts through July 31st, 2010.  Sellers participating in the promotion are giving 3% of the accepted offer price up to $8,000 credit at closing back to homebuyers who sign an offer before the July 31st deadline.

Open to all home buyers  –  No income limitations  –  No property eligibility requirements

The home buyer tax credit has come and gone.  Fortunately, the door is now open to something even better – the Coldwell Banker Buyer Bonus Event!  But hurry, The Buyer Bonus is a limited-time offer.  Please let me know if you have any questions about this extended offer from Coldwell Banker.

Reblog this post [with Zemanta]

Coldwell Banker Offers its own Tax Credit!!

0

Posted by Park Ridge Real Estate | Posted in Tax Credits and Info | Posted on 03-05-2010

Tags: , ,

Missed the home buyer tax credit?

No?

Well-  there’s an even better Buyer Bonus!

May 1st – July 31st

Get up to an $8,000 credit back at closing.

The Coldwell Banker Buyer Bonus Event is a national sales promotion that begins on May 1st and lasts through July 31st, 2010.  Sellers participating in the promotion are giving 3% of the accepted offer price up to $8,000 credit at closing back to homebuyers who sign an offer before the July 31st deadline.

Open to all home buyers  –  No income limitations  –  No property eligibility requirements

The home buyer tax credit has come and gone.  Fortunately, the door is now open to something even better – the Coldwell Banker Buyer Bonus Event!  But hurry, The Buyer Bonus is a limited-time offer.  Please let me know if you have any questions about this extended offer from Coldwell Banker.

Reblog this post [with Zemanta]

It’s coming!

0

Posted by Park Ridge Real Estate | Posted in Real Estate Info, Tax Credits and Info | Posted on 30-03-2010

Tags: , ,

 

Logo of the National Association of Realtors.
Image via Wikipedia

It has to be Spring because we are going to crack 70 degrees this week – The Cubs and Sox start their seasons in the next couple days and real estate activity is starting to pick up again.  The weather really does have an impact on Real Estate, certainly in our part of the country.  The National Association of REALTORS issued their latest report stating that the weather had impacted showings last month.  Flip that to our recent weather and things are looking better for Real Estate. 

We haven’t heard much about extending the tax credit yet, but there will be a flurry of activity this month to try and meet the 4/30 deadline.  Here’s to Spring!!!

Reblog this post [with Zemanta]

How Bout’ Them Bears?

0

Posted by Park Ridge Real Estate | Posted in Interesting Events, Tax Credits and Info | Posted on 08-03-2010

Tags: , , , ,

 

no original description
Image via Wikipedia

Other than a mostly beautiful weekend, all the talk around Chicagoland was about the Bears and their free agent signings this past Friday.  Not sure how deep your loyalties run, but I know I could turn the channel without hearing about the big splash they made in the free agent market.  Most of the talk about them was not so good before the pickups they made, but now it seems the optimism is back in Chicago. 

Amazing how quickly things can turn – now let’s do that with Real Estate in the area by extending the tax credit for first time home buyers and for people that have lived in their primary residences for the last 5 years. 

Reblog this post [with Zemanta]

I can see the Grass!

0

Posted by Park Ridge Real Estate | Posted in Tax Credits and Info | Posted on 20-02-2010

Tags: , , , , , , ,

Been a while since we’ve had a chance to see the grass under all the snow.  I’ll take it as Spring is coming!  I don’t know about the rest of us Illinoisans, but this is that time of year that I look forward to the end of winter.  We’ve had a cold winter with plenty of snow, but our neighbors to the East really got hammered this winter. 

Snowfall on trees, Germany.
Image via Wikipedia

As the new season approaches so does the deadline for the homebuyer taxt credit.  Again, if you are even thinking of moving up in price to a new home, now is the time.  Rates are low, prices are still below normal and the tax credit is good even for current homeowners that have lived in their primary residence for the last 5 years. 

Please feel free to call me if you have any questions about the tax credit, real estate in or around Park Ridge or need more info on government programs for distressed properties and homeowners.

Reblog this post [with Zemanta]

HARP – Home Affordable Refinance Program

0

Posted by Park Ridge Real Estate | Posted in Tax Credits and Info | Posted on 19-01-2010

Tags: , , , , , , , ,

 

Mortgage
Image by Rev Dan Catt via Flickr

Here’s an option out there for refinancing homes that have lost market value.  This brief eligibility questionnaire from the US government might be able to help.

If you are a homeowner who is current on your mortgage payments but unable to refinance to a lower interest rate because your home value has decreased, you may be able to refinance.  Click Here for the Home Affordable Refinance Program. 

Please let me know if I can be of any assistance.

Reblog this post [with Zemanta]

Weather and Showings – Unrelated

0

Posted by Park Ridge Real Estate | Posted in Tax Credits and Info | Posted on 14-01-2010

Tags: , ,

I was recently talking to another Park Ridge agent and we were going over some showings last weekend when it was about 2 degrees outside. I know I’ve been very busy with showings and she told me she showed 27 homes last Sunday 1/3. Now, this was the weekend of the New Year’s Holiday and it was brutal outside, BUT if you have to look for homes, you’re going to look for homes.

The recent tax credit for both new and current homeseekers has really boosted activity. We are thankful for many of the programs that have been introduced to the ailing real estate market and even more thankful that some of them are working well.

Please feel free to contact me if you would like to know more about your real estate options.

Wrapping up the Holidays

0

Posted by Park Ridge Real Estate | Posted in Tax Credits and Info | Posted on 10-01-2010

At least that’s what most of us are trying to do this weekend, but the weather is not cooperating.  The good news is the weather will be warming soon and so will real estate activity.  The Holidays are very slow, obviously, for Realtors and the market in general, but there should be a plenty of activity generated by the tax credit for new buyers and current homeowners.

The tax credit is now given to current homeowners that have been in their primary residence for the last 5 years up to $6500.  Here is more key information from the government website:

Key Information

Following are key points that prospective home buyers should be aware of when considering a home purchase under the tax credit program.

  • A tax credit of up to $8,000 is available for first-time home buyers purchasing on or after January 1, 2009 and on or before April 30, 2010. In cases where a binding sales contract is signed by April 30, 2010, a home purchase completed by June 30, 2010 will qualify.
  • A tax credit of up to $6,500 is available for repeat home buyers who have owned a home for five consecutive years out of the prior eight years. The repeat home buyer tax credit applies to houses sold after November 6, 2009 and on or before April 30, 2010. In cases where a binding sales contract is signed by April 30, 2010, a home purchase completed by June 30, 2010 will qualify.
  • Income limits of $125,000 for individuals and $225,000 for married couples filing jointly apply to all sales occurring after Nov. 6, 2009.
  • The income limits for sales occurring on or after January 1, 2009 and on or before November 6, 2009 are $75,000 for individual taxpayers and $150,000 for married couples filing jointly.
  • Homes priced above $800,000 are not eligible for either the first-time home buyer tax credit or the repeat home buyer tax credit.
  • Expanded tax credit benefits apply to members of the military, the foreign service and the intelligence community.
  • Home purchases in 2010 may be claimed on an amended 2009 income tax return.
  • Persons who are claimed as dependents by a taxpayer or who are under age 18 do not qualify for a tax credit.
  • Home purchases from relatives of the taxpayer or the taxpayer’s spouse do not qualify for the tax credit. The IRS defines relatives as ancestors (parent, grandparent, etc.), lineal descendants (child, grandchildren, etc.) and spouses.
  • Married couples are not eligible to claim the first-time home buyer tax credit if either spouse has previously owned a home. They may, however, qualify for the repeat home buyer tax credit.
  • Neither the first-time home buyer tax credit nor the repeat home buyer tax credit have to be repaid unless the home is sold or ceases to be used as the buyer’s principal residence within three years after the initial purchase.
  • Taxpayers must submit a copy of the HUD-1 settlement statement and IRS Form 5405 to claim either the first-time home buyer tax credit or the repeat home buyer tax credit.

Please let me know if you have any questions, I’m here to help.