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8000 tax credit: As the $8000 tax credit expires, where is the real estate market headed? - 04/22/10 03:39 PM
The first-time homebuyer tax credit will be expiring on April 30 - just 8 short days from now. If you don't have a contract signed to buy a property by that date, you will not qualify for the $8000 federal tax credit. (Deals must close by June 30, 2010 but be under contract by April 30, 2010.)
This credit has actually caused sort of a "mad rush" for buyers to purchase properties before that deadline. Because it does not appear that there is any push to get the tax credit extended. The National Association of Realtors has been mostly silent on an … (82 comments)
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8000 tax credit: Will the $8000 tax credit get extended? Washington is undecided. - 10/21/09 02:24 PM
An interesting debate is going on in Washington. The National Association of Realtors is doing everything it can to get the $8000 tax credit extended beyond the November 30, 2009 deadline.
However, the White House is still undecided. In a recent CNN article, Shaun Donavon, the Secretary of HUD says the statistics aren't in just yet to show whether this tax credit has spurred the economy.
Apparently the IRS is screaming all types of fraud saying that a significant portion of the tax payers filing for the tax credit may have done so fraudulently. Over 107,000 questionable files have been opened by the IRS … (4 comments)
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8000 tax credit: Central Florida homes are selling briskly with the $8000 tax credit deadline looming - 10/11/09 09:44 AM
Interesting story in today's Orlando Sentinel. It goes into depth of one man's saga to try and buy a decent home before the $8000 tax credit runs out. After 4 months of looking, the would be buyer gave up because everything he liked either sold with multiple offers or else could not pass FHA financing standards. Now that we are in mid-October, anybody that doesn't put a house under contract immediately is going to struggle to meet the deadline if they are trying to obtain conventional or FHA financing.
The story points out that nearly all of the decent affordable Orlando homes for sale are … (2 comments)
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8000 tax credit: NAR makes call to action to extend the $8000 home buyer tax credit - good or bad? - 09/15/09 01:55 PM
The National Association of Realtors issued a call to action today to contact your Senators and Congressmen about extending the deadline on the $8,000 home buyer tax credit. Click the link above and you can see NAR's video on this subject.
While I am glad that the tax credit has probably helped stimulate the real estate market and the economy some, I also wonder about the longer-term effects of this so-called "stimulus" money on this nation's deficit and national debt.
I would rather see the money in the hands of the people as opposed to Wall Street fat cats or failing … (89 comments)
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Rob Arnold, metro Orlando full service, investor friendly & foreclosure Realtor
Altamonte Springs,
FL
More about me…
Sand Dollar Realty Group, Inc.
Address: Apopka, FL, Longwood, FL, Winter Springs, FL, Casselberry, FL, Orlando, FL, Deltona, FL, Debary, FL, , Altamonte Springs, FL, 32714
Office Phone: (407) 389-7318
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My thoughts on the real estate industry, real estate investing, rental properties, mortgages, listing houses in the MLS, government and legislative issues affecting real estate brokers and investors. Serving metro Orlando & most of Florida.
Rob Arnold - ABR, CPL, CRB, CSP, GRI - Managing real estate broker, Notary Public
Disclaimer: This blog is for educational, entertainment, and yes blatant advertising purposes. Read it at your own risk and enjoyment :-) It is not meant to be construed as legal or financial advice. These are my personal views and opinions only. Regarding any properties advertised on this blog site - all information is deemed reliable but is not warranted nor guaranteed - price, terms, and availability are subject to change without notice.
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