Breaking NEWS!!! Colorado Springs Home Buyer Tax Credit Extened!!!
The Homebuyer Tax Credit bill has passed both chambers of Congress and will be signed into law by the President tomorrow, November 6, 2009. Here is a summary of the changes: The expiration date for the credit will now be April 30, 2010.
First-time buyers who have not had interest in a principal residence for three years are still eligible, and the maximum amount remains the same $8,000 for married couples, $4,000 for those filing separately.
NEW !!! Current homeowners, who have consecutively maintained the home they want to sell as their primary residence for five of the last eight years, are also eligible. However, the maximum amount for those homeowners is lower: $6,500 for married couples and $3,200 for those filing separately.
The tax credit may not used to purchase a home for more than $800,000. All buyers who want to get the credit must include documentation of the purchase on their tax returns. The income limits for both tax credits have been raised to $125,000 for single buyers and $225,000 for married couples.
Call me today to take advantage of the tax credit for move up buyers. Hurry this WILL EXPIRE on April 30,2010
Jay Carden | RE/MAX Properties, Inc | 719-322-4939
5855 Drifter, Colorado Springs, CO
Stucco in Sierra Ridge with 3 Car Garage and Custom Deck
4BR/4BA Single Family House
offered at $299,900
Year Built
1999
Sq Footage
2,996
Bedrooms
4
Bathrooms
4 full, 0 partial
Floors
2
Parking
Unspecified
Lot Size
6,050 sqft
HOA/Maint
$20 per month
DESCRIPTION
Beautiful semi-custom home. Features include: Hardwood flooring, custom 2 tier Trex deck, patio, kitchen island, designer painting, built-in's, 5 piece master bath. Other custom upgrades include tile roof, 3 car gargae, stucco, all appliances, walkout finished basement. Enjoy the master retreat with extra sitting room and 5 pc bath with a huge soaker tub. Great city views and private parks and pool. Amazing house in a great area, rare find. Hurry this one will go quick.
Are you Kidding me??? Where has my America gone, oh yeah, to the lawyers. Win elections with money and courts, kill small business with the courts and taxes. I am calling for a boycott of the big business model. Since when did one of these big businesses do something good? Oh wait, they employ a few hundred sorry soles that in a few weeks could all be out in the cold while the lawyers and CEO's of said businesses are fat and happy.
I am totally for capitalism and serving the public with a good or service. I am happy to see people prosper and grow. I cannot stand by and watch small businesses such as this one get clobbered by legal costs for taking NOTHING away from the sales of their ONE BEER!!! You honestly think that Rock Art brewery in Vermont is competing against anything that Monster Energy drink could produce? I don't think so. At most 100,000 people might have heard about Rock Art and this one line of beer. I guess NO ONE can use the word Monster. CRAZY.
I want my America back, TODAY please.
Jay Carden
RE/MAX Properties, Inc.
Search the Colorado Springs MLS
Very Good information as to what the next bubble might look like. We need to start weening ourselves from government help. In the meantime we need to make sure that all our buyers do the right thing and not buy too much house for their paycheck.
Currently, 85% of new mortgages are guaranteed by Government backed entities( FHA, FNMA, GNMA, Freddie Mac) and the Fed buys 80% of the securities into which these government backed mortgages are packaged. This dominance of the Fed and the reliance upon the Government to fund mortgages can not last forever. The Federal Reserve's $1.25 million special program to buy Fannie Mae and Freddie Mac securities is two-thirds complete and is scheduled to close at the end of the year. What happens then???
More than half of the country's home mortgages are now being originated by only 3 banks; Wells Fargo, Banik of America, and J.P. Morgan Chase. The problem is that these banks are acting only as originators of mortgages, and immediately sell most of the mortgages that they create to Fannie Mae and Freddie Mac and hold very few of them on their own balance sheets. Combined, the 3 dominant banks actually held 3.5 % fewer mortgages on their balance sheets in the firs half of 2009.
This strategy of the banks to sell almost all of their mortgages has fed their bottom line with strong loan origination and mortgage servicing fees with very little risk. The fact that banks are unwilling to hold mortgages for their own investment demonstrates that the interest rates of these mortgages are artificially low , driven down by the government purchase of them, and the banks are thus unwilling to invest their own money in them.
When the government stops funding mortgages, where will the capital come from? In the recent past, capital for mortgages came from mortgage backed securities funded by investors through Wall Street. This type of security is now dead. Investment by private capital ( banks, individual investors, and pension funds ) will only happen if interest rates are allowed to increase to a level to compensate investors for the perceived risk in these investments.
Because of this, I believe that there is a very real risk of interest rates escalating substantially after the first of the year, especially if signs of inflation start to emerge as the economy strengthens. Because of this, I have been encouraging buyers to buy now, if they are buying a home for the long term, as this may be the best time in the foreseeable future to buy a home.
I just found this great resource on Colorado Halloween Fun including Pumpkin Patches, Corn Mazes, and much more fun. Check out this great resource: Colorado Pumpkin Patches
Hope you all have a good time with these fall activities.
This home also includes a breakfast bar with plenty of storage. Two New Baths with Custom Tilework. New Paint inside and out make for no maintance. Refinished Hardwood Flooring, New Lighting, New Windows and Landscaping. Ready to Move In TODAY.
Light and Bright. Covered Patio, RV Parking, Childrens Playset and central location. Fully Fenced, Private Yard with Mature Trees. Close to Schools, Shopping and all Military Bases.
Welcome Home to your completely remodeled 3 Bedroom 2 Bath 2 Car home. This is your dream home. The kitchen includes Newer counters, Newer Appliances, Cabinets and a Large Pantry. Entertain guests in a formal living room with a HUGE Bay window. Large Rec. Room with a wood burning fireplace and wood floors for cozy evenings. Remodeled baths including newer vanities, shower/tub and Tile Floors. Vinyl windows for low heating bills in the winter. A formal dining room to welcome your guests for your next party.
Amazing new landscaping with mature trees, Flowering bushes, and wonderful green grass. Covered patio for your next BBQ and an enclosed Dog run for your 4 legged friends. Close to Schools, Shopping, Ft. Carson, Peterson AFB. Call today to have a tour of this great home.
All For the Low Price of $169,900
This home also includes a breakfast bar with plenty of storage. Two New Baths with Custom Tilework. New Paint inside and out make for no maintance. Refinished Hardwood Flooring, New Lighting, New Windows and Landscaping. Ready to Move In TODAY.
Light and Bright. Covered Patio, RV Parking, Childrens Playset and central location. Fully Fenced, Private Yard with Mature Trees. Close to Schools, Shopping and all Military Bases.
Colorado
Springs Market Update July 2009 Statistics
Colorado Springs Homes For Sale
Active Homes For Sale: 5138
Homes For Sale July 2008: 6544
Inventory From Year Prior: -
21.49%
Percent of Sale From Year Prior:
6.77%
Sales Price Of Homes Sold in
Colorado Springs
Average Sales Price: $231,457
Median Sales Price: $199,500
Average Discount of Sales Price:
2.68%
Average Price Change From Year
Prior: 8.35%
Average Percent of Distressed
Properties: 19.13%
Well-priced homes in the area are selling quickly. Homes in areas such
as Briargate, Stetson Hills, N/E Colorado Springs, & Fountain,
Colorado are selling the best. There have been reports that many homes
are seeing multiple offers, especially under $200,000. Many homes also
in this area are selling at full asking price.
The Briargate Area of Colorado Springs comprises an area in the northeast part of Colorado Springs.This is a master planned community that started in the early 80’s and continues to be built.This area is roughly north of Woodman Rd as the southern boundary, east of Powers, West to I-25 and north to Hwy 83.The school district is award winning Academy District 20.
Some neighborhoods in the Briargate Area from oldest to newest are: Briargate, Windjammer, Meadow Ridge, Misty Meadows, Gatehouse Village, Summerset, Fairfax, Pine Creek, Charleston Place, Wolf Ranch, Cumbe Vista and Cordera.New homes continue to be built in the Wolf Ranch, Pine Creek, Cumbre Vista and Cordera areas.The Briargate real estate market is one of the strongest in the City year over year.
Current Sales Statistics in the Briargate Real Estate Market for June 2009
Homes For Sale In Briargate
Active Homes For Sale: 294
New Listings: 109
Number of Homes Sold: 66
Sales Price of Homes Sold in Briargate
Average Sales Price: $282,114
Median Sales Price: $258,750
Average Discount from List Price to Sales Price: 1.9%
Average Discount for El Paso County Homes: 3.2 %
Average Days on Market for all Briargate Homes, 98 Days
Well-priced homes in this area are selling quickly.There have been reports that many homes are seeing multiple offers.Many homes also in this area are selling at full asking price.This is very good news compared to other areas of Colorado Springs that are not as strong.
For more information on Briargate Real Estate please feel free to call me or email me.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
;)
;)
