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first time buyers: Tips For Finding The Perfect Neighborhood! - 02/17/10 09:34 AM
Greg Olson/REMAX Suburban/Cell (847) 977-7024
Tips for Finding the Perfect Neighborhood Your neighborhood has a big impact on your lifestyle. Follow these steps to find the perfect community to call home.
•· Is it close to your favorite spots? Make a list of the activities - movies, health club, church, etc. - you engage in regularly and stores you visit frequently. See how far you would have to travel from each neighborhood you're considering to engage in your most common activities.
•· Check out the school district. This is especially important if you have children, but it also … (0 comments)
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first time buyers: Saving Energy - Helpful Household Hints!! - 11/18/09 03:39 PM
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first time buyers: Top Tips to Improve your Credit! - 11/17/09 06:29 AM
1. Review your current credit report for accuracy. Everyone is entitled to one free credit report per year from each of the three credit bureaus-Experian, Equifax, and TransUnion. Get a copy of your credit report and look at it for accuracy. First, make sure that the information in your file is about you and only you, not someone who has a similar name or a similar Social Security number. It is very common for your credit reports to have mistakes or incorrect information. At a minimum, make sure that the information you are being evaluated on is current and correct.
2. … (6 comments)
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first time buyers: HOT NEWS---IT'S DONE, THE TAX CREDIT EXTENSION HAS BEEN SIGNED INTO LAW & THE ADDITION INCLUDES A REDUCED CREDIT FOR EXISTING HOME OWNERS - 11/06/09 04:28 PM
Clocks 'Fall Forward' for Homebuyers, as President Obama Signs Off on Extension of First-Time Homebuyers Tax CreditNovember 06, 2009: 11:52 AM ETPARSIPPANY, N.J., Nov. 6 /PRNewswire-FirstCall/ -- Following months of speculation and Congressional debate, President Obama today signed the "Worker, Homeownership and Business Assistance Act of 2009" into law, extending the popular First-Time Homebuyer tax credit originally scheduled to expire on December 1, 2009. This new legislation offers those in the process of buying a home more time to take advantage of this significant tax benefit, allowing them to claim the credit if they close on a first-time home purchase by … (1 comments)
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first time buyers: Record Streak Continues for Pending Home Sales! - 10/17/09 09:28 AM
Pending home sales have increased for seven straight months, the longest in the series of the index which began in 2001, according to latest survey. The Pending Home Sales Index rose 6.4 percent to 103.8 from a reading of 97.6 in July, and is 12.4 percent above August 2008 when it was 92.4. The index is at the highest level since March 2007 when it was 104.5. Lawrence Yun, NAR chief economist, said not all contracts are turning into closed sales within an expected timeframe. "The rise in pending home sales shows buyers are returning to the market and signing contracts, … (0 comments)
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first time buyers: $8,000 Tax Credit Still Available!! - 09/07/09 12:04 PM
Less than 90 days left to get your first time buyers tax credit. Must close by November 30th! Visit my website or give me a call on my cell at 847-977-7024 for details!!!
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first time buyers: Just Listed in the Highlands of Hoffman Estates!! - 08/05/09 10:48 AM
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first time buyers: Updated Home Buyer Tax Credit Information (6/3/09) - 06/03/09 10:00 AM
FHA's rules allow state housing finance agencies and certain nonprofits to ‘monetize' the tax credit (depending on the amount of the mortgage). While a short-term bridge loan to monetize the tax credit is not a product immediately available from FHA lenders in Illinois, the IAR is currently working with the Illinois Housing Development Authority to determine the feasibility of developing such a program that can be used in conjunction with an FHA mortgage loan. The tax credit applies to qualifying home purchases made by first-time homebuyers on or after Jan. 1, 2009 and before Dec. 1, 2009.
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first time buyers: Simple Explanation of the New $8,000 Home Buyers Tax Credit! - 02/24/09 09:43 AM
$8,000 For Homebuyers
First-time buyers (someone who has not owned a home in the past 3 years) can claim a credit worth $8,000 - or 10% of the home's value, whichever is less.
They can claim this credit on their 2008 or 2009 taxes.
The purchase must be completed between Jan. 1 and Dec. 1, 2009.
Buyer must live in the home for at least 3 years or they will be obligated to pay back the credit.
Buyers must meet the income restriction of $75,000 for singles or $150,000 for couples.
Applying for the credit is easy. Just claim it … (0 comments)
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first time buyers: New! $7,500 tax credit for first-time homebuyers - 10/14/08 01:36 PM
New! $7,500 tax credit for first-time homebuyers
First-time homebuyers can take advantage of the new temporary tax credit signed into law on July 30, 2008, by President Bush as part of the Housing and Economic Recovery Act of 2008. Below are some of the parameters of the new program. Link to FAQs on the tax credit developed by the National Association of REALTORS® (NAR).
The tax credit is for 10 percent of the cost of the home, not to exceed $7,500. It's important to note the tax credit must be paid back over a period of 15 years like an … (0 comments)
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Gregory Olson
Streamwood,
IL
More about me…
REMAX Suburban
Office Phone: (847) 577-9797
Cell Phone: (847) 977-7024
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