Real estate blog entries tagged with tax credit extension by Gregory Olson (REMAX Suburban)

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Home : Blogs : Gregory Olson : Gregory Olson's Blog : Tag "tax credit extension"

tax credit extension: 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)

tax credit extension: 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)

tax credit extension: 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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Gregory Olson

Streamwood, IL

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