If you're a home buyer hoping to take advantage of the First Time Home buyer credit here are some helpful facts on how to take full advantage of the credit: According the IRS.gov website:
You must enter into a binding contract to purchase a principle residence by April 30, 2010
You must close on the property by June 30, 2010, . Buyers may elect to use the credit on their 2009 or 2010 tax returns.
As you can see, time is of the essence and if you want to take advantage of the credit, now is the time to act. The IRS.gov website has some great information to brush-up on filing requirements and to help with submitting the required application. Below are several useful links:
Also, if you purchased a home as your principal residence in 2008, 2009 and early 2010 you may also be able to take advantage of the tax credit. Here are some facts for home buyers in this category:
The tax credit is 10 percent of the purchase price of the home with a maximum credit of $8,000
The tax credit will either reduce your tax bill (dollar for dollar) or increase your refund
The credit does not have to be paid back unless the home ceases to be your principal residence within three years after the purchase.
A little something for long-term residents In addition to the First Time Home buyer Credit, long-term residents residing in the same house for any five consecutive-year period may qualify for a $6,500 credit when purchasing a new principal residence in the United States. Here are the facts for this category:
The purchase must have taken place after November 6, 2009, and before May 1, 2010 or after April 30, 2010, and before July 1, 2010
The buyer must have entered into a binding contract before May 1, 2010 to purchase the property before July 1, 2010
Buyers must have lived in the same home for any five consecutive-year period during the 8-year period ending on the date you purchased your new primary home.
Rules for those who cannot claim the Tax credits... According to the IRS.gov website:
A buyer cannot claim the credit if the purchase price of the home is more than $800,000. This rule applies to homes purchased after November 6, 2009.
You may not claim the credit if your modified adjusted gross income is $95,000 or more ($170,000 or more if married filing jointly) and you purchased your home before November 7, 2009
Or $145,000 or more ($245,000 or more if married filing jointly) and you purchased your home after November 6, 2009.
How to Apply for the Credit:
Buyers wanting to take advantage of the credit must fill out IRS Form 5045 and file the form with your federal income tax return.
If you have already filed your return, you may claim the credit by filing out an IRS 1040X with the completed Form 5045 attached.
Any and all supporting documentation regarding the purchase is required and should be included.
The information provided above on the First-Time Home buyer tax credit was from the IRS.gov website and is deemed reliable, but not guaranteed.
When dealing with tax related issues, it is imperative that you follow all IRS Guidelines and obtain the advice and guidance of a qualified tax professional.
While sales and prices were slightly higher than last January, single family home prices slipped slightly last month.
As we near the start of the busiest real estate season as well as opening day of the new airport we expect to see significant increases in sales and prices for all property types.
Owners, put my team and technology to work for you to sell your home, commercial building, land or condo, contact me today (850) 774-6582 for a free no obligation property value report.
This 4 bed/3 full bath 2,950sqft home is located in Mowat Highlands.
This updated, maintained home boasts new A/C installed in 2008, stainless steel appliances, quartz counters, wood & tile floors in the living areas, home wired for security system and large back yard with in ground pool and gas heater.
The home is also under contract with Terminex.
All this and more located in a good school district.
All sizes approx and info taken from appraiser site, please verify if important.
Contact me directly (850) 774-6582 for a private showing on this or other Panama City homes for sale.
Owners, put my technology to work for you. If you are interested in selling your home or condo, contact me today (850) 774-6582 for a free no obligation Home value report.
Buyers, when you're ready to purchase a Panama City Beach Gulf or Bay front condo for your vacation home, contact me directly (850) 774-6582 for the latest information and pricing on any of the Panama City homes for sale.
Best Panama City Rentals is happy to announce we will be having an open house at 2411 Allison Ave in Panama City Beach, Florida this Saturday, February 27, 2010.
This 2 Bedroom/1 bath apartment is located in Panama City Beach, approximately 1.5 miles from Rick Seltzer Community Park - an immaculately groomed and beautiful dedicated public beach on the Gulf of Mexico.
Allison Ave. is 5 miles from the Naval Surface Warfare Center and 20 miles from Tyndall Air Force Base.
It is close to shopping, restaurants, and everything else the beach has to offer.
Pets are allowed with approval and a $150 Non-Refundable pet fee. Amenities include:
Carpeted bedrooms
Central heat/AC
Dishwasher
Private Fenced yard
Breakfast bar
Walk out back yard
And so much more!
We will be taking applications on site, and in most cases can have you pre-qualified at that time. Don't miss out on this amazing Panama City Beach rental! We hope to see you there.
Contact me directly (850) 238-5527 for a private showing on this or other Panama City homes for rent.
Owners, put our technology to work for you. If you are interested in renting your home, apartment or condo, contact me today (850) 238-5527 for a free no obligation rental report.
Renters, when you need to rent or lease a Panama City or Panama City Beach home, apartment or condo, contact me directly (850) 238-5527 for the latest information and pricing on any of the Panama City homes for rent.
Owners, put my technology to work for you. If you are interested in selling your home or condo, contact me today (850) 774-6582 for a free no obligation Home value report.
Buyers, when you're ready to purchase a Panama City Beach Gulf or Bay front condo for your vacation home, contact me directly (850) 774-6582 for the latest information and pricing on any of the Panama City Beach condos for sale.
While sales and prices were slightly higher than last January, over all sales slipped slightly since last month.
This is however, expected as January sales are usually more sluggish than the rest of the year.
As we near the opening day of the new airport and begin to come into the height of the vacation season, we expect to see significant increases in sales and prices for all property types.
Owners, put my team and technology to work for you to sell your home, commercial building, land or condo, contact me today (850) 774-6582 for a free no obligation property value report.
While Spring break may not be everyone's "cup o' tea", it only lasts few a few short weeks, the rest of the year is filled with relaxing fun times, warm sunny beach days and plenty of dining and entertainment for the whole family.
As I have many clients from out of the area, the team and I are often asked about local restaurants, family entertainment, shopping etc.
Since the Panama City real estate market is picking up quite nicely, it seems appropriate and timely to create a guide for vacationers and relocating friends and families as well as locals who may not be aware of many of the area's attractions.
Contact me directly (850) 774-6582 for a private showing on this or other Panama City homes for sale.
Owners, put my technology to work for you. If you are interested in selling your home or condo, contact me today (850) 774-6582 for a free no obligation Home value report.
Buyers, when you're ready to purchase a Panama City Beach Gulf or Bay front condo for your vacation home, contact me directly (850) 774-6582 for the latest information and pricing on any of the Panama City Beach condos for sale.
This beautiful 3000+sqft. Lynn Haven canal front 3 bed/4bath home has it all inside & out.
There are 2
master suites,
2 bonus rooms/offices,
2 A/C units,
2 tankless water heaters,
2 car garage with a climate control storage area,
ceiling fans in every room including the large 15x8 laundry room & patio.
In addition this house was built for entertaining with a gourmet's dream kitchen which includes:
Oak cabinets with pull out shelves and deep draws, granite counter tops,
3 sinks,
Viking gas stove/oven,
separate oven,
3 dishwashers,
warmer,
8x5 walk in pantry and butler's pantry with custom doors that open all the way from both sides to the spacious patio
and in ground saltwater pool.
If that is not enough this home boasts a dock with lifts(boat and jet) and is on a deep water canal with bay access. With lots of storage to complete the package this home has it all.
Information for Panama City Florida Real Estate and Bay County MLS. Below is the location of my Office. Stop in, ask for Jennifer and say hello!
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Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
This 4 bed/3 full bath 2,950sqft home is located in Mowat Highlands.
Best Panama City Rentals
The latest 
As I have many clients from out of the area, the team and I are often asked about local restaurants, family entertainment, shopping etc.
This 3 Bedroom/3 bath 
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