SDW RE Blog

Latest First Time Homebuyer Tax Credit info

 A first-time homebuyer  purchasing  a principal residence in the United States, on or after April 9, 2008, and before May 1, 2010 (or July 1, 2010, if the taxpayer enters into a written binding contract before May 1, 2010, to close on the purchase of a principal residence before July 1, 2010), is eligible for the first-time homebuyer credit. For purchases made in 2009 or 2010 (except in the case of long-time residents of the same principal residence), the credit is equal to the lesser of 10% of the residence's purchase price or $8,000 ($4,000 in the case of a married taxpayer filing separately).

For a principal residence purchased in 2009 or 2010, the taxpayer may elect to treat the purchase as having been made on December 31st of the previous year for the purpose of claiming the credit and establishing the beginning of the recapture period(if applicable).

New Homebuyer Tax Credits

New Homebuyer Tax Credits who qualifes now? check out  http://bit.ly/3GgCUv

Congress set to vote new $6500 tax credit for homebuyers

Congress set to vote new $6500 tax credit for homebuyers http://bit.ly/4b3EKS with Anti- Fraud Security Measures &

Extended for purchases through April 30, 2010 for closings through June 30, 2010.

New to this bill: A tax credit for current homebuyers who have owned their current homes for at least five years for $6,500.

NAR & Tax credit extension efforts

check out the 1st time homebuyers Tax Credit extension efforts and support this effort at http://takeaction.realtoractioncenter.com/campaign/hbtc?qp_source=dotorg&LID=RONav0019 165 thousand people already have!

1st Time HomeBuyer Credit expires in 75 days!

RT @marealtors Fed $8K First-Time HomeBuyer Tax Credit expires in 75 days, but you need to act sooner to take advantage! http://bit.ly/15UPNL

Price Reduced Again on 6 Lawrence Street in Maravista, Waterview Ranch

Maravista, Town of Falmouth  -  Announcing a price reduction on 6 lawrence street, a 1,152 sq. ft., 2 bath, 2 bdrm single story. Now $359,900 - including summer rentals of $1500/week. check out http://6lawrencestreet.sdwrealtyofcapecod.com

Excellent Value at an Excellent Price in East Falmouth

• 1,428 sq. ft., 2 bath, 3 bdrm single story - $325,000 - reduced

East Falmouth, Town of Falmouth  -  Excellent Value for this Absolutely Mint Cape set on a Full Acre on a country road. This house in only 8 Years Old and has been Fully Updated! Kitchen is bright and airy with terrific cabinet space and Beautiful Wood Floors. Dining room has sliders to a very private back yard deck. Both baths have been tastefully Remodeled with Updated Fixtures, Tiled Floors and Beadboard Wainscoting. The interior of the Two Car Garage has finished walls with expansion possibilities over the garage or the basement. Farmers Porch, Security System and Irrigation System complete the package of this Immaculate Home Asking $325K!!

Property information

Real Estate Statistics

  Home values essentially held steady May to June as volume of sales rose 3.8%

 23% of single family homes were underwater during the second quarter

22% of all home sales in June were foreclosure resales

29% of homes sold in June sold for less than their owners originally paid

More signs of Economic Upturn in Housing Market

check out

http://money.cnn.com/2009/08/04/real_estate/June_pending_home_sales/index.htm?section=money_realestate

 

New Mass Tax Credit Loan Program

Gov Patrick announced on July 14, 2009 that the establishment of a Tax Credit Loan Program for eligible first-time homebuyers is to be utilized in conjunction with MassHousing's first mortgage programs. The Homebuyer Tax Credit is a new tax credit included in the recently enacted Federal Housing and Economic Recovery Act of 2008 (HERA) for homes purchased in 2008 and 2009. The maximum available credit is $8000 and it is claimed when the homeowner files their 2009 tax return. To be eligible, the homeowner must purchase the property by November 30, 2009. All other first-time requirements associated with MassHousing first mortgages will remain in place.

 In an effort to stimulate homes sales, several states have initiated programs that make this tax credit available up-front in the form of cash by "Monetizing" the tax credit. The funding of this tax credit is through the state housing finance agencies and is used for downpayment, closing costs, and other closing related expenses and is available at the time of loan closing. The terms of this MassHousing program are similiar to those offered by other states.

An FAQ document will be available on www.masshousing.com in a few days

President Obama's Housing Rescue Plan Expands

President Obama's housing rescue plan has been extended  http://news.yahoo.com/s/usnews/20090702/ts_usnews/obamashousingrescueexpands6thingstoknow;_ylt=AjPrtuqmkp8YUtNNqXLsad0nHL8C;_ylu=X3oDMTNwYmQ2bzlpBGFzc2V0Ay91c25ld3MvMjAwOTA3MDIvdHNfdXNuZXdzL29iYW1hc2hvdXNpbmdyZXNjdWVleHBhbmRzNnRoaW5nc3Rva25vdwRjcG9zAzYEcG9zAzYEc2VjA3luX3RvcF9zdG9yaWVzBHNsawNvYmFtYXNob3VzaW4- check out its new provisions

4 Rent 2Bd 2 BA Townhouse Condo

Updated, Very Clean, Private End Unit, 2 Bedroom 2 story Townhouse Condo, Bath and a half, with a full-basement for extra storage. Eat-In Kitchen, Recently replaced stove, Dishwasher, Recently Painted, Tiled Baths & Kitchen floors, Hardwoods Floors & bedroom carpet, Refridgerator, newer washer & dryer, Oil heat. First month, Last month & Security Deposit of $500 Security Deposit needed as well with full application and references. Walk to Falmouth Country Club. Centrally located with Easy drive to Woods Hole from Sandwich Rd or to Rte 151 to Mashpee. Unfurnished asking $1250/month,or Furnished $1350/month. Section 8 ok call steve at (508)540-1964 check out http://573carriageshoprd.sdwrealtyofcapecod.com RENTED!

Price Reduced on 6 lawrence street in Maravista

Maravista, Town of Falmouth  -  Announcing a price reduction on 6 lawrence street, a 1,152 sq. ft., 2 bath, 2 bdrm single story. Now $389,900 - summer rental $1500/week. check out http://6lawrencestreet.sdwrealtyofcapecod.com

Property information

Turn Key Waterview Ranch in Lower Maravista

Turn Key, Updated Waterview Ranch, 2 BR, 2 BA, on a dead end street in very desirable Lower Maravista area. Use Year round or for Vacation/ Investment. Short Walk to Bristol Beach and Falmouth Heights. Sit in your front yard and watch the July 4th Fireworks or the sunset over the water. Hardwoods floors with recessed lights in dining room, Spacious Master Bed Suite on 1st floor with skylight and brand new tiled bath with new fixtures. Cedar closet, New Architectural Roof, Air Conditioning. Pics available at http://6lawrencestreet.sdwrealtyofcapecod.com Asking $399,900 call Steve at     (508)540-1964

7 Ways to get a Dirt Cheap Mortgage

Follow these guidelines and get your dirt cheap mortgage in today's marketplace at http://realestate.yahoo.com/promo/7-simple-steps-to-a-dirt-cheap-mortgage.html;_ylc=X3oDMTFycmlpdm5zBF9TAzI3MTYxNDkEX3MDOTc2MjA0NjUEc2VjA2ZwLXRvZGF5BHNsawNkaXJ0LWNoZWFwLW1vcnRnYWdl