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tax credit: 4 Reasons to Sell NOW!! - 02/17/10 10:15 AM
4 Reasons to Sell Now
Selling a property in this tough market can seem like a challenge. Here are four factors that actually make this a good time to post a For-Sale sign.1. Sell low and buy low. Because all property values are down, the sellers' loss on a property is really only a paper loss because the next property they buy also will be a bargain. If they buy smartly, when prices come back up in a few years, they'll be in better shape.2. Down-payment help is widely available. While nothing-down loans have disappeared, it is easy to find down-payment … (0 comments)
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tax credit: Tax Credit News for your Buyers! - 01/27/10 05:09 PM
Good news homebuyers: You can file for your $8,000 first-time buyer tax credit again.
Bad news: You can't e-file your taxes if you want the cash. And there are long delays.
Last Thursday, CNN revealed that buyers who purchased their properties after Nov. 6 were unable to claim the refund because the Internal Revenue Service had yet to release a new form and instructions. But on Friday, the IRS finally posted the new form 5405.
First-time buyers used to able to immediately file for the tax credit after Congress approved it last February as part of the stimulus program. … (0 comments)
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tax credit: 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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tax credit: 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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tax credit: Home Buyer's Tax Credit Changes Possible - 10/02/09 09:03 AM
Home Buyer's Tax Credit Changes Possible
The first major change to the $8,000 home buyer's tax credit began moving through Congress the last week of September, giving hope to real estate and building groups pushing for extension of the entire program before it expires November 30, 2009.
House Ways and Means Committee chairman, Congressman Charles Rangel, a New York Democrat, combined several smaller bills into the "Service Members Home Ownership Act of 2009", with a floor vote expected soon.
The bill is intended to correct a flaw in the original tax credit legislation: By requiring buyers to occupy and own their … (1 comments)
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tax credit: $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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tax credit: New Financing Now Available!! - 08/27/09 12:34 PM
Just when we thought we couldn't sell those condo's! Wells-Fargo now has a 5% conventional loan plan for all those great condo's that are not FHA approved! Now let's get that tax credit extended and things will continue to pick up!
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tax credit: Just Listed in the Highlands of Hoffman Estates!! - 08/05/09 10:48 AM
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tax credit: July Newsletter - 08/03/09 01:23 PM
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tax credit: Gardening Tip - 08/03/09 01:20 PM
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tax credit: 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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tax credit: Stimulus Bill Update! - 02/07/09 02:22 PM
Senate Action on Stimulus Bill Last evening the United States Senate unanimously passed a bipartisan amendment, offered by REALTOR® Champions, Senators Johnny Isakson (R-GA) and Joe Lieberman (ID-CT) to the Economic Stimulus Bill creating a $15,000 tax credit to individuals who purchase a home in the next year. Specifically, the Isakson-Lieberman amendment to the pending economic stimulus bill would provide a direct tax credit to any homebuyer who purchases any home. The amount of the tax credit would be $15,000 or 10 percent of the purchase price, whichever is less. Purchases must be made within one yearof the legislation's enactment, and the tax … (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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