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Pensacola Real Estate News | New Listing Home on 20 Acres Pine Barren Road
2 Bedroom Home with 2 full baths on 20.58 acres of property with approximately 8 acres of pasture in the front and approximately 6 acres of pasture in the back. The middle 6 acres is wooded with clearings and 3 stocked ponds. The terrain is flat in the front with rolling terrain on the back half. Listed for $225,000. The property is completely fenced to hold cattle in or bring out your horses.
 
There are three ponds on this property. 
Take a Visual Tour by clicking on this link: Pine Barren Road
Jack Lara and Toni Jones, "The Jones & Lara Team" at Keller Williams Realty of Pensacola
7140 N. 9th Ave Pensacola FL 32526
Call (850) 471-5020
Visit: www.PensacolaAreaProperties.com
HAPPY THANKSGIVING FROM EINSTEIN THE KITTY AND HIS FRIENDS from PENSACOLA FL
Jack Lara, Broker-Associate, Keller Wiliams Realty of Pensacola
www.PensacolaAreaProperties.com
"The Jones & Lara Team"
Home Buyer Tax Credit link to FAQ: Click Here
New Legislation
New legislation, the Worker, Homeownership and Business Assistance Act of 2009, which was signed into law on Nov. 6, 2009, extends and expands the first-time homebuyer credit allowed by previous Acts. The new law:
- Extends deadlines for purchasing and closing on a home.
- Authorizes the credit for long-time homeowners buying a replacement principal residence.
- Raises the income limitations for homeowners claiming the credit.
For the first time, long-time homeowners who buy a replacement principal residence may also claim a homebuyer credit of up to $6,500 (up to $3,250 for a married individual filing separately). They must have lived in the same principal residence for any five-consecutive year period during the eight-year period that ended on the date the replacement home is purchased.
People with higher incomes can now qualify for the credit. The new law raises the income limits for homes purchased after Nov. 6, 2009. The credit phases out for individual taxpayers with modified adjusted gross income (MAGI) between $125,000 and $145,000 or between $225,000 and $245,000 for joint filers. The existing MAGI phase-outs of $75,000 to $95,000 or $150,000 to $170,000 for joint filers still apply to purchases on or before Nov. 6, 2009.
check out this VISUAL TOUR of Downtown Pensacola - Palafox Waterfront
 Einstein the Kitty talks about why mortgage rates go up and down.
Most mortgages are put together in pools and sold to investors through securities backed by the pooled mortgages. These securities offer a rate of return similar to a bond. Those investments are competing in the market place with other investments like stocks or bonds. Stocks are higher risk whereas bonds offer less risk but a lesser rate of return.
Investors will balance their investments based on how much risk they want to take, and their perception of the overall economic health of the country (similar to consumer confidence). If they feel the economy is doing well, stocks will go up and more money will be placed in stocks and less in bonds and mortgage backed securities. These investors may also believe that the stock market is a good place to put their money in if they believe a company is improving their bottom line by trimming costs. As a result, a strong economy in a basic sense means higher interest rates, and a slower economy means lower interest rates.
Today's economy has some economists seeing deflation as a concern. Other economists see inflation as a concern on the horizon as a consequence of the federal government essentially borrowing money from themselves to attempt to affect the economy. If inflation does kick in then this means the cost of goods will go up and the dollar's buying power will go down. If the dollar is worth less, a higher return on investments will be required by investors, which in turn will mean higher interest rates. Today's interest rates at record lows is not the norm, unfortunately today's buyers think this is normal. We can easily see 7 percent rates and higher. If you are a buyer now is the time to buy to lock in your home (asset) with today's low cost of financing.
Pensacola Area Properties.com
Home For Sale North Pensacola | Pensacola Real Estate News
Starter Home 3 bedroom 1 bath 1,100 square feet with fenced backyard and attached garage ~ Brick exterior and back covered porch $80,000 list price. Tiled living room, kitchen/dining area. Bonus room gives you access to the back porch and to the garage.
 
Jack Lara, Broker-Associate, "The Jones & Lara Team" at Keller Williams Realty of Pensacola
JackLara@kw.com Phone: (850) 471-5020
Pensacola Area Properties.com
West Pensacola Home for Sale | Sunset Estates
Wide Open Floor Plan with lots of Room ~ 2,010 square feet of living area plus a two-car garage ~ Split floor plan with vaulted ceilings, plant ledges, and column ~ Formal Dining plus a Dining/Breakfast Area ~ Home is like new, built in 2001, tiled flooring in baths, foyer, kitchen, and breakfast area.
 
Jack Lara, Broker-Associate, "The Jones and Lara Team" at Keller Williams Realty of Pensacola
7140 N. 9th Ave Pensacola, FL 32504
Call (850) 471-5020
Visit us at Pensacola Area Properties.com
TAX CREDIT CHANGES AND EXTENSION
Congrats to the New York Yankees on their Baseball Title.....will them bums the Brooklyn Dodgers ever get back to the World Series....Hard to believe that Derek Jeter is now in his mid-thirties, seems like it was just yesterday that he was a youngster playing in his first World Series. Anyway this is what NAR has put out to explain the Tax Credit and compare it to what it was before.
Click on this link Einstein...
Jack Lara, Broker-Associate, "The Jones and Lara Team" at Keller Williams Realty of Pensacola
Pensacola Area Properties.com
Opening Reception of the Competition Exhibition of Cinco Banderas
Friday October 30th
6-8 pm
CINCO BANDERAS
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The Cinco Banderas Collection was conceived and founded in 1988 through the generosity of the Kobacker Foundation. The permanent collection, established through the Arts Council of Northwest Florida, is exhibited in appropriate public locations. The Cinco Banderas Collection is made possible through an endowment fund established to support outstanding individual artists, and to provide funds for non-traditional arts programs in Northwest Florida. Major funding has been provided by the Florida Arts Council/Division of Cultural Affairs, and by donors to the United Arts Funds of the Arts Council of Northwest Florida. The Arts Council proudly acknowledges the help and partnership of Artel Gallery. |
www.PensacolaAreaProperties.com
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Jack Lara
Pensacola,
FL
More about me…
Keller Williams Realty of Pensacola
Address: 7140 N. 9th Ave, Pensacola, FL, 32504
Office Phone: (850) 471-5020
Cell Phone: (850) 554-9543
Email Me
Pensacola Real Estate News, Buying or Selling in the Pensacola Area (Cantonment, Pace, Beulah, Northeast Pensacola), Short Sale and Distressed Property Info, Avoiding Foreclosure, Current Events in Pensacola: Blue Angles, Pensacola Beach
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