QUESTION/HELP: Tax Credit Max $800,000? How to calculate that # - 02/13/10 11:34 AM
 
Ok, I got a tricky question about the new home buyer tax credit.
I was always told the tax credit was based on a contract price of $800,000. However some accountant seems to think the $800,000 has to be AFTER all costs. How can that be? Even including taxes? That means a home has to sell for under $765,000. How can that be right?
 
Where can I get clarification and proof?
Frank
 
… (1 comments)

Buyers Win If Seller Subsidy is Stacked (even if the price is increased) - 02/11/10 07:39 PM
Ok, this is kinda tricky to explain, so bear with me.
I feel strongly that ultimately the seller should pay for all (actually "most") closing costs. But not in the way that you might be thinking. And this type of post will lead to the 101 hyper technical "but what if" scenarios and counterarguments.
I'm not talking about "Negotiate strongly and beat down the seller by getting closing costs thrown in, heck this is a buyer's market!"
I'm talking about "The seller should care about their NET." Once the net is established, go back and ask if the price can be … (7 comments)

 
Vert-award Rainmaker_large

FRANK LL0SA- Northern Virginia Broker .:. FranklyRealty.com

Arlington, VA

More about me…

Northern Virginia Homes - FRANKLY REAL ESTATE Inc

Office Phone: (703) 827-4006

Email Me



Listings

Links

Archives

RSS 2.0 Feed for this blog