The US House of Representatives overwhelming voted to extend the first time home buyers credit for an additional 12 months to anyone in the military who has served overseas for three months in 2009. In a vote of 416 to zero the bill now has to go the US Senate and the President for final approval.
This extension could give up to 350,000 military families currently deployed overseas unitl November 2010 to take advantage of the current tax credit. In addition the IRS "recapture" rules will be waived for any service member who is deployed and must sell or rent their home.
Known as theService Members Home Owners Tax Act this bill also contains the provision to waive the income tax liability currently in the expanded Department of Defense Homeowners Assistance Program.
The next step for this bill (HR 3590) is for the Senate Finance Committee to review the bill and hopefully move it to a vote in the full Senate.
This seems to be one time that the US Congress, Senate and President should be able to agree. Extending the tax credit for our military is the right thing to do no matter what your political beliefs.
You may not know that Jimmy John's happens to be my drug of choice. So, imagine my surprise when I picked up my order yesterday and saw the flyer about their Customer Appreciation Day. I had to pass it on!
If you have a short sale property with an IRS tax lien, the IRS will remove thier lien and allow you to sell the home. It takes WORK but it can be done!
In cases where the homeowner has not paid their income taxes, the IRS may place a federal tax lien on the property. Actually, the lien covers all of the person's property including the home. Typically, you can convince the IRS to remove the tax lien (from the house) by requesting a Certificate of Discharge of Property from Federal Tax Lien (Publication 783) with the IRS.
The reason the IRS has placed the lien on the person's home is so that they will get paid whenever the person sells their property. If you can convince the IRS that the homeowner is upside down and that there will be no resulting proceeds from the sale, the IRS may agree to release their lien. Along with your request, you will need to include some supporting documentation such as the purchase contract, the payoff statement from the bank, and so forth.
I have had to deal with IRS tax liens on several occasions, and they are not fun. However, there is no way to move the short sale transaction forward until the IRS tax lien has been removed.
This entire process should be coordinated in conjunction with your title company or attorney. Make certain that you are working with a title agent who knows the ins-and-outs of the partial release of lien process. For more information and complete instructions, go to www.irs.gov and search for "Publication 783."
FROM:Prudential
Ambassador Real EstateCONTACT:Connie
Watts 13340 California St402-880-9027 Omaha, NE68154
Connie
Watts Completes Real Estate Business Planning Course
Omaha
– October 7, 2009 -Connie Watts has completed
the specialized real estate business course
entitled “Business Planning and
Marketing for the Residential Specialist”
conducted by the Council of Residential
Specialists of the NATIONAL ASSOCIATION
OF REALTORS®.
The
course was conducted in Clive, IA and is one in a series
of professional education sequences that must be taken by real estate
agents
and brokers who will eventually qualify for the coveted Certified Residential
Specialist (CRS) designation.The
course
covered the preparation of business plans, marketing programs and
operations
budgets.
During
the two-day course, students were subject to hands-on
development of plans and programs designed to ensure the
professionalism of the
residential sales associates.
“There
are many new marketing techniques that can
effectively serve our real estate customers,” said Connie
Watts, “and I have
already begun to apply the procedures covered during this course in my
work at
Prudential Ambassador Real Estate.”
Certified
Residential Specialist Courses are presented in
various cities throughout the United States in affiliation with the
COUNCIL OF
RESIDENTIAL SPECIALISTS, an affiliate of the NATIONAL ASSOCIATE OF
REALTORS®.
Connie Watts | Prudential Ambassador Real Estate | 402-880-9027
19301 Audrey Street, Gretna, NE
2 Story Walkout - SW Omaha
4BR/4BA Single Family House
offered at $250,000
Year Built
2007
Sq Footage
2,375
Bedrooms
4
Bathrooms
4 full, 0 partial
Floors
2
Parking
3 Car garage
Lot Size
Unspecified
HOA/Maint
$0 per month
DESCRIPTION
This 2 yrs young home is priced to sell! Main floor has terrific open floor plan. Spacious kitchen has corian counter, wood floors, stainless steel appliances (included), wood floors, eat in area and breakfast bar. Lots of extras such as zoned a/c, wrap-around porch, stamped concrete porch & patio, professional landscaping, oversized 3 car garage and main floor laundry. Did we mention that 3 of the 4 bedrooms have walk-in closets and attached bathroom? AMA
1. Your photos are unimpressive. The vast majority of home buyers start their search for a home on the Internet, your house had better look great in print. Not just nice... downright fabulous. Today we are considering internet views as a 'virtual showing'... if your house gets past that, then they might (just might) make an appointment to see it in person... We consider that your SECOND showing. Today's buyers are expecting good quality photos (and lots of them... just 1 shot from the street won't cut it!), a virtual tour, maybe even a floor plan, if applicable.
2. It's overpriced. You've got to view your own property as objectively as possible. Look at the home like a "buyer"... if necessary, go out with your Realtor and view other homes that are priced comparably to yours. Be objective. Given the other options on the market (and yes, you DO have to include short sales and foreclosures on your list... your potential buyers are!), would YOU buy your home, over the others on the market?
If no, then you either have to "update" your home to meet or beat the competition... or lower your price to adjust for it. if you can't afford to sell for the price, that you KNOW it sell for, you may want to consider just removing it from the market.
3. It shows poorly. This could mean almost anything... from the barky, barky dog, to the smell of the diaper pail. Maybe the carpeting is a bit worn, or the woodwork shows a lot of wear. All things that don't show well from the internet, but whoa.... once you get inside the house... they show up, like a cat-urine-smell on a humid day in New Orleans!
4. You're invisible. Today's buyer comes from the internet, almost exclusively. Have you (or your agent) simply plopped the property on the MLS, and started praying? Are you on all the websites...(Trulia, Zillow, Craig's List, Google Base, etc...) all the places that buyer's are searching? If not, you want to be.
5. Your listing is tired and stale on the market. Okay... yes, you overpriced your home initially when you first came on the market 2 years ago. But since then you have reduced your price almost monthly... constantly chasing the market down.... Now, finally you're truly priced where you should be... but your listings is tired and stale. Everyone looking for your type of property (ie: 3br/1.1 bath) in your area has already seen it, sometimes twice... and they remember that there was "something" about it that they didn't like... but what they don't remember is... what they didn't like.... was the price. Time to take the listing off market. Let it cool off (3-6 months), and bring it back on fresh in the Spring. Yeah, you'll have 6 mos. worth of holding-costs... but you'll more than make up for it in your purchase price.
btw... Avoid the temptation to bring the house back on at a higher price, than when you left the market. Just "don't do it"!
6. Your house won't appraise. The house looks great... you've finally gotten someone to bring you a bid on your slightly over-priced, but beautiful pied-a-terre. But the bank appraiser says it's worth $20,000 less than what they've agreed to pay. Heavy sigh... bite the bullet.... negotiate with them. If you have to drop the price $20,000 to make it work.... "make it work"... chances are, anybody else trying to buy your house will run into the same problem.
Tuesday, July 7, 2009 5:30-8:00 PM LIV Lounge 2285 S. 67th Street
Come enjoy All About Omaha's 5:30 Happy Hour at one of Omaha's newest Lounges, LIV Lounge. Partake in their great specials with $1.00 off Beers, $2.00 off call drinks and 1/2 price wine!! LIV Lounge is located in Aksarben Village at 2285 So. 67th Street.
There is a void in the local nightlife for a place where people can go to meet, converse, see others, relax and be treated with a level of respect and genuine concern that the hospitality industry was once founded on. For every person looking for the next thrill, there is another that simply wants to be. As we like to say… LIV and let LIV.
To provide Omaha home buyers and home sellers with professional service, knowledge of the local markets, progressive marketing and innovative technology that is required to get homes SOLD in today's high tech real estate market.
Full-time Realtor for Omaha Homes for Sale, Council Bluffs & Offutt AFB. Tech savvy professional who markets and SELLS homes. Offutt Air Force Base, PCS and military referrals.
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.
The US House of Representatives overwhelming voted to extend the first time home buyers credit for an additional 12 months to anyone in the military who has served overseas for three months in 2009. In a vote of 416 to zero the bill now has to go the US Senate and the President for final approval.
1. Your photos are unimpressive. The vast majority of home buyers start their search for a home on the Internet, your house had better look great in print. Not just nice... downright fabulous. Today we are considering internet views as a 'virtual showing'... if your house gets past that, then they might (just might) make an appointment to see it in person... We consider that your SECOND showing. Today's buyers are expecting good quality photos (and lots of them... just 1 shot from the street won't cut it!), a virtual tour, maybe even a floor plan, if applicable.
market?
5. Your listing is tired and stale on the market. Okay... yes, you overpriced your home initially when you first came on the market 2 years ago. But since then you have reduced your price almost monthly... constantly chasing the market down.... Now, finally you're truly priced where you should be... but your listings is tired and stale. Everyone looking for your type of property (ie: 3br/1.1 bath) in your area has already seen it, sometimes twice... and they remember that there was "something" about it that they didn't like... but what they don't remember is... what they didn't like.... was the price. Time to take the listing off market. Let it cool off (3-6 months), and bring it back on fresh in the Spring. Yeah, you'll have 6 mos. worth of holding-costs... but you'll more than make up for it in your purchase price.
;)
;)
