Jan's Blog

Homeowners: Do Market Opportunities and a New $6,500 Tax Credit Make it a Good Time To Sell?

Fri, 13 Nov 2009 08:34:12 -0600

Homeowners: Do Market Opportunities and a New $6,500 Tax Credit Make it a Good Time To Sell?

A new revision to the recently extended Homeowner's Tax Credit may be a window of opportunity for some home owners who have been wanting to sell their home, whether to move up or to downsize, but have adopted a "hunkering down" mentality.

The new tax credit is for current homeowners: if you have owned and resided in your home for at least 5 consecutive years out of the past 8 years, you can qualify for up to a $6500 tax credit.

If you combine this new tax credit with historically low interest rates and great values in the market place, it might be a really opportune time to make your move. However, this tax credit is only for a limited time and waiting too long may cause you to miss out on market opportunities that could benefit you. Each person's situation is different. I will be happy to provide a no-obligation consultation to discuss your home's current value as well as the prices of homes in your target range and explain in more detail the stipulations on the tax credit. Don't look back and wish you had sold your home instead of waiting. There's no obligation to explore your options. Call me to schedule a meeting today.

Jan Gaweda | Citizens Premier Real Estate
1225 Industrial Boulevard | Southampton, PA 18966
Direct: 610-653-0386
Office: 215-396-0500 x3428
Email: Jan@JanGaweda.com
License Number: PA RS290259

Septa Stike over but a fare hike is on its way it seems.

Thu, 12 Nov 2009 10:56:50 -0600

Fresh off the heels of the City Septa workers strike and now that buses, subways, and trolleys are running again , SEPTA riders can brace for the next big event: a rate increase. SEPTA is Philadelphia's transit system.

SEPTA has been planning to increase fares in 2010 ever since it last boosted them in 2007. Regular smaller increases are better, SEPTA officials maintain, than infrequent big increases.

The day is drawing closer. Raises likely would be scheduled to take effect around July 1, the start of the agency's 2011 fiscal year.

SEPTA won't say how much fares may go up. But the agency has budgeted for a 9.5 percent increase in passenger revenue in fiscal 2011.

I think this timing needs to be reevaluated to encourage people to use mass transit as opposed to everyone driving in everyday.

Maybe I will sell your house for Free

Thu, 12 Nov 2009 10:44:05 -0600

IF I don’t sell your property in 180 days…I will sell it for FREE!!!

(I put my money where my mouth is).

*limited time offers, see terms and conditions at www.citizenspremier.com

Don’t Miss Out on This Important Opportunity

Office 215-396-0500*3428 Direct 610-653-0386

www.JanGaweda.com

$8,000 Tax Credit Extended to April 30, 2010! NOW Is the Time to Make Your Move.

Wed, 11 Nov 2009 13:34:57 -0600

$8,000 Tax Credit Extended to April 30, 2010! NOW Is the Time to Make Your Move.
The 2009 First Time Home Buyers Tax Credit, which was set to expire November 30, 2009, has been extended. The tax credit has been expanded with new changes that will further benefit qualified home buyers (anyone who have not purchased a home within the last three years):

• The new expiration date is April 30, 2010 giving homebuyers over 5 more months and into the spring house-buying season to find their home, get loan approval, and close the transaction.

• In addition, income limits have been raised from $75,000 to $125,000 for single buyers, and for married couples the income limit has been raised from $125,000 to $225,000.

With historically low mortgage rates and still low (but rising) prices, this is a good time to make your move. Many buyers who did not take advantage of the market conditions months ago are wishing they had acted. Don't miss out. Call me to set up a free consultation to help you explore and maximize this opportunity.

NAR Frequently Asked Questions-Homebuyer Tax Credit Changes - Click Here http://bit.ly/1VCCDq

Fri, 06 Nov 2009 09:47:39 -0600

NAR Frequently Asked Questions-Homebuyer Tax Credit Changes - Click Here http://bit.ly/1VCCDq

Hot off the presses! I hope Obama gets to this today! Call me if you have any questions about finding you a new home!

Thanks!

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Homebuyer Tax Credit Changes at this site: http://bit.ly/2Ddfq3 Then give me a call to see what I can do to help to get into a new home.

Fri, 06 Nov 2009 09:43:15 -0600

Homebuyer Tax Credit Changes at this site: http://bit.ly/2Ddfq3 Then give me a call to see what I can do to help to get into a new home.

Hot off the presses! Hope this answers some questions..........................................................................................................................................................................................................................................................................................................................................................................................

Buying a home- How The Government Can Help

Fri, 02 Oct 2009 16:32:14 -0500

How The Government Can Help

The Federal Government has enacted a policy that gives qualified first time home buyers an $8,000 tax credit when they buy a new home between January 1, 2009 and December 1, 2009.

Click the link below for more information on this incredible opportunity, then call Jan Gaweda to help you act on it!

www.federalhousingtaxcredit.com

Bank Foreclosures, Distress Sales, and Bank Owned Properties

Fri, 02 Oct 2009 16:28:54 -0500

Interested in the great deals that accompany bank foreclosures, distress sales, bank owned properties, including short sales? There are few of these in this type of market.Jan Gaweda can help find you the best deal for your big move! Click here to submit your information and please provide areas you would be interested in purchasing your next home or investment property. As an alternative, you can also call 610-653-0386 or e-mail Jan@JanGaweda.com for more information and to get priority notification of all these listings!

How The Government Can Help (with your home purchase)

Wed, 30 Sep 2009 17:02:39 -0500

How The Government Can Help

The Federal Government has enacted a policy that gives qualified first time home buyers an $8,000 tax credit when they buy a new home between January 1, 2009 and December 1, 2009.

Click the link below for more information on this incredible opportunity, then call Jan Gaweda to help you act on it!

www.federalhousingtaxcredit.com

Jan Gaweda | Citizens Premier Real Estate
1225 Industrial Boulevard | Southampton, PA 18966
Direct: 610-653-0386
Office: 215-396-0500 x3428
Email: Jan@JanGaweda.com
License Number: PA RS290259

Limerick -Manderach Memorial Playground Being Renovated

Tue, 15 Sep 2009 14:20:31 -0500

Renovation of the Manderach Memorial Playground Area set to begin SEPTEMBER 28, 2009..
Due to these renovations, the Manderach Memorial Playground will be completed closed Monday, September 28, 2009 and remain closed until Spring of 2010.
Along with new playground equipment, a Memorial Clubhouse will be designed using some of the original playground equipment as a tribute to the volunteers who built the playground. A rededication of the Manderach Memorial Playground will be scheduled in April 2010.

source- Limerick.org.

November 30th Deadline on 2009 Tax Credit for Buyers: Montgomery County

Tue, 11 Aug 2009 15:26:20 -0500

With the $8,000 tax credit scheduled to end Nov. 30, the number of home buyers looking to take advantage of the credit (as well as the historically low prices and low interest rates) could possibly increase as the year winds down, especially as we start seeing glimmers of an economic upturn for the real estate market. If you’ve been waiting for the right window of opportunity to put your home on the market, this might be the time. I’d be happy to answer any questions you might have. Feel free to call me or email me any time. For more information on the Tax Credit, visit http://www.federalhousingtaxcredit.com/2009/faq.php. Jan Gaweda | Citizens Premier Real Estate 1225 Industrial Boulevard | Southampton, PA 18966 Direct: 610-653-0386 Office: 215-396-0500 x3428 Email: Jan@JanGaweda.com License Number: PA RS290259

November 30th Deadline on 2009 Tax Credit for Buyers: Bucks County

Tue, 11 Aug 2009 15:22:56 -0500

$8000 Tax Credit

Fri, 17 Jul 2009 11:21:51 -0500

In its efforts to stimulate the economy and revive the housing market, Congress has enacted legislation providing a tax credit of up to $8,000 for first-time home buyers. But time is of the essence for buyers who want to take advantage of this opportunity. Only homes purchased on or after January 1, 2009 and before December 1, 2009 are eligible. Below you will find some answers to frequently asked questions. If you want to take advantage of this tax credit, give us a call at 610-653-0386 or 215-396-0500 *3428 and let us get you $8000 today!

Who is eligible to claim the tax credit?

First-time home buyers purchasing any kind of home—new or resale—are eligible for the tax credit. To qualify for the tax credit, a home purchase must occur on or after January 1, 2009 and before December 1, 2009. For the purposes of the tax credit, the purchase date is the date when closing occurs and the title to the property transfers to the home owner.

What is the definition of a first-time home buyer?

For example, if you have not owned a home in the past three years but your spouse has owned a principal residence, neither you nor your spouse qualifies for the first-time home buyer tax credit. However, unmarried joint purchasers may allocate the credit amount to any buyer who qualifies as a first-time buyer, such as may occur if a parent jointly purchases a home with a son or daughter. Ownership of a vacation home or rental property not used as a principal residence does not disqualify a buyer as a first-time home buyer.

How is the amount of the tax credit determined?

The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $8,000.

Are there any income limits for claiming the tax credit?

The tax credit amount is reduced for buyers with a modified adjusted gross income (MAGI) of more than $75,000 for single taxpayers and $150,000 for married taxpayers filing a joint return. The tax credit amount is reduced to zero for taxpayers with MAGI of more than $95,000 (single) or $170,000 (married) and is reduced proportionally for taxpayers with MAGIs between these amounts.

What is "modified adjusted gross income"?

Modified adjusted gross income or MAGI is defined by the IRS. To find it, a taxpayer must first determine "adjusted gross income" or AGI. AGI is total income for a year minus certain deductions (known as "adjustments" or "above-the-line deductions"), but before itemized deductions from Schedule A or personal exemptions are subtracted. On Forms 1040 and 1040A, AGI is the last number on page 1 and first number on page 2 of the form. For Form 1040-EZ, AGI appears on line 4 (as of 2007). Note that AGI includes all forms of income including wages, salaries, interest income, dividends and capital gains.

To determine modified adjusted gross income (MAGI), add to AGI certain amounts such as foreign income, foreign-housing deductions, student-loan deductions, IRA-contribution deductions and deductions for higher-education costs.

If my modified adjusted gross income (MAGI) is above the limit, do I qualify for any tax credit?

Possibly. It depends on your income. Partial credits of less than $8,000 are available for some taxpayers whose MAGI exceeds the phaseout limits.

Can you give me an example of how the partial tax credit is determined?

Just as an example, assume that a married couple has a modified adjusted gross income of $160,000. The applicable phaseout to qualify for the tax credit is $150,000, and the couple is $10,000 over this amount. Dividing $10,000 by $20,000 yields 0.5. When you subtract 0.5 from 1.0, the result is 0.5. To determine the amount of the partial first-time home buyer tax credit that is available to this couple, multiply $8,000 by 0.5. The result is $4,000.

Here’s another example: assume that an individual home buyer has a modified adjusted gross income of $88,000. The buyer’s income exceeds $75,000 by $13,000. Dividing $13,000 by $20,000 yields 0.65. When you subtract 0.65 from 1.0, the result is 0.35. Multiplying $8,000 by 0.35 shows that the buyer is eligible for a partial tax credit of $2,800.

Please remember that these examples are intended to provide a general idea of how the tax credit might be applied in different circumstances. You should always consult your tax advisor for information relating to your specific circumstances.

How is this home buyer tax credit different from the tax credit that Congress enacted in July of 2008?

The most significant difference is that this tax credit does not have to be repaid. Because it had to be repaid, the previous "credit" was essentially an interest-free loan. This tax incentive is a true tax credit. However, home buyers must use the residence as a principal residence for at least three years or face recapture of the tax credit amount. Certain exceptions apply.

How do I claim the tax credit? Do I need to complete a form or application?

Participating in the tax credit program is easy. You claim the tax credit on your federal income tax return. Specifically, home buyers should complete IRS Form 5405 to determine their tax credit amount, and then claim this amount on Line 69 of their 1040 income tax return. No other applications or forms are required, and no pre-approval is necessary. However, you will want to be sure that you qualify for the credit under the income limits and first-time home buyer tests.

What types of homes will qualify for the tax credit?

Any home that will be used as a principal residence will qualify for the credit. This includes single-family detached homes, attached homes like townhouses and condominiums, manufactured homes (also known as mobile homes) and houseboats. The definition of principal residence is identical to the one used to determine whether you may qualify for the $250,000 / $500,000 capital gain tax exclusion for principal residences.

I read that the tax credit is "refundable." What does that mean?

The fact that the credit is refundable means that the home buyer credit can be claimed even if the taxpayer has little or no federal income tax liability to offset. Typically this involves the government sending the taxpayer a check for a portion or even all of the amount of the refundable tax credit.

For example, if a qualified home buyer expected, notwithstanding the tax credit, federal income tax liability of $5,000 and had tax withholding of $4,000 for the year, then without the tax credit the taxpayer would owe the IRS $1,000 on April 15th. Suppose now that the taxpayer qualified for the $8,000 home buyer tax credit. As a result, the taxpayer would receive a check for $7,000 ($8,000 minus the $1,000 owed).

I purchased a home in early 2009 and have already filed to receive the $7,500 tax credit on my 2008 tax returns. How can I claim the new $8,000 tax credit instead?

Home buyers in this situation may file an amended 2008 tax return with a 1040X form. You should consult with a tax advisor to ensure you file this return properly.

Instead of buying a new home from a home builder, I hired a contractor to construct a home on a lot that I already own. Do I still qualify for the tax credit?

Yes. For the purposes of the home buyer tax credit, a principal residence that is constructed by the home owner is treated by the tax code as having been "purchased" on the date the owner first occupies the house. In this situation, the date of first occupancy must be on or after January 1, 2009 and before December 1, 2009.

In contrast, for newly-constructed homes bought from a home builder, eligibility for the tax credit is determined by the settlement date.

Can I claim the tax credit if I finance the purchase of my home under a mortgage revenue bond (MRB) program?

Yes. The tax credit can be combined with the MRB home buyer program. Note that first-time home buyers who purchased a home in 2008 may not claim the tax credit if they are participating in an MRB program.

I live in the District of Columbia. Can I claim both the Washington, D.C. first-time home buyer credit and this new credit?

No. You can claim only one.

I am not a U.S. citizen. Can I claim the tax credit?

Maybe. Anyone who is not a nonresident alien (as defined by the IRS), who has not owned a principal residence in the previous three years and who meets the income limits test may claim the tax credit for a qualified home purchase. The IRS provides a definition of "nonresident alien" in IRS Publication 519.

Is a tax credit the same as a tax deduction?

No. A tax credit is a dollar-for-dollar reduction in what the taxpayer owes. That means that a taxpayer who owes $8,000 in income taxes and who receives an $8,000 tax credit would owe nothing to the IRS.

A tax deduction is subtracted from the amount of income that is taxed. Using the same example, assume the taxpayer is in the 15 percent tax bracket and owes $8,000 in income taxes. If the taxpayer receives an $8,000 deduction, the taxpayer’s tax liability would be reduced by $1,200 (15 percent of $8,000), or lowered from $8,000 to $6,800.

I bought a home in 2008. Do I qualify for this credit?

No, but if you purchased your first home between April 9, 2008 and January 1, 2009, you may qualify for a different tax credit...click HERE for information about the $7500 tax credit.

Is there any way for a home buyer to access the money allocable to the credit sooner than waiting to file their 2009 tax return?

Buyers should adjust their withholding amount on their W-4 via their employer or through their quarterly estimated tax payment. IRS Publication 919 contains rules and guidelines for income tax withholding. Prospective home buyers should note that if income tax withholding is reduced and the tax credit qualified purchase does not occur, then the individual would be liable for repayment to the IRS of income tax and possible interest charges and penalties.

Further, rule changes made as part of the economic stimulus legislation allow home buyers to claim the tax credit and participate in a program financed by tax-exempt bonds. Some state housing finance agencies, such as the Missouri Housing Development Commission, have introduced programs that provide short-term credit acceleration loans that may be used to fund a downpayment. Prospective home buyers should inquire with their state housing finance agency to determine the availability of such a program in their community.

If I’m qualified for the tax credit and buy a home in 2009, can I apply the tax credit against my 2008 tax return?

Yes. The law allows taxpayers to choose ("elect") to treat qualified home purchases in 2009 as if the purchase occurred on December 31, 2008. This means that the 2008 income limit (MAGI) applies and the election accelerates when the credit can be claimed (tax filing for 2008 returns instead of for 2009 returns). A benefit of this election is that a home buyer in 2009 will know their 2008 MAGI with certainty, thereby helping the buyer know whether the income limit will reduce their credit amount.

Taxpayers buying a home who wish to claim it on their 2008 tax return, but who have already submitted their 2008 return to the IRS, may file an amended 2008 return claiming the tax credit. You should consult with a tax professional to determine how to arrange this.

For a home purchase in 2009, can I choose whether to treat the purchase as occurring in 2008 or 2009, depending on in which year my credit amount is the largest?

Yes. If the applicable income phaseout would reduce your home buyer tax credit amount in 2009 and a larger credit would be available using the 2008 MAGI amounts, then you can choose the year that yields the largest credit amount.

$7500 Tax Credit Info

Fri, 17 Jul 2009 11:17:21 -0500

Who is eligible to claim the $7,500 tax credit?

First time home buyers purchasing any kind of home—new or resale—are eligible for the tax credit. To qualify for the tax credit, a home purchase must occur on or after April 9, 2008 and before July 1, 2009. For the purposes of the tax credit, the purchase date is the date when closing occurs.

What is the definition of a first-time home buyer?

The law defines "first-time home buyer" as a buyer who has not owned a principal residence during the three-year period prior to the purchase. For married taxpayers, the law tests the homeownership history of both the home buyer and his/her spouse. For example, if you have not owned a home in the past three years but your spouse has owned a principal residence, neither you nor your spouse qualifies for the first-time home buyer tax credit. Ownership of a vacation home or rental property not used as a principal residence does not disqualify a buyer as a first-time home buyer.

How do I claim the tax credit? Do I need to complete a form or application?

Participating in the tax credit program is easy. You claim the tax credit on your federal income tax return. No other applications or forms are required. No pre-approval is necessary; however, prospective home buyers will want to be sure they qualify for the credit under the income limits and first-time home buyer tests.

What types of homes will qualify for the tax credit?

Any home purchased by an eligible first-time home buyer will qualify for the credit, provided that the home will be used as a principal residence and the buyer has not owned a home in the previous three years. This includes single-family detached homes, attached homes like townhouses and condominiums, manufactured homes (also known as mobile homes) and houseboats.

Instead of buying a new home from a home builder, I have hired a contractor to construct a home on a lot that I already own. Do I still qualify for the tax credit?

What is "modified adjusted gross income"?

If my modified adjusted gross income (MAGI) is above the limit, do I qualify for any tax credit?

Possibly. It depends on your income. Partial credits of less than $7,500 are available for some taxpayers whose MAGI exceeds the phaseout limits. The credit becomes totally unavailable for individual taxpayers with a modified adjusted gross income of more than $95,000 and for married taxpayers filing joint returns with an AGI of more than $170,000.

Can you give me an example of how the partial tax credit is determined?

Here’s another example: assume that an individual home buyer has a modified adjusted gross income of $88,000. The buyer’s income exceeds $75,000 by $13,000. Dividing $13,000 by $20,000 yields 0.65. When you subtract 0.65 from 1.0, the result is 0.35. Multiplying $7,500 by 0.35 shows that the buyer is eligible for a partial tax credit of $2,625.

Does the credit amount differ based on tax filing status?

No. The credit is in general equal to $7,500 for a qualified home purchase, whether the home buyer files taxes as a single or married taxpayer. However, if a household files their taxes as "married filing separately" (in effect, filing two returns), then the credit of $7,500 is claimed as a $3,750 credit on each of the two returns.

Are there any circumstances for which buyers whose incomes are at or below the $75,000 limit for singles or the $150,000 limit for married taxpayers might not be able to claim the full $7,500 tax credit?

In general, the tax credit is equal to 10% of the qualified home purchase price, but the credit amount is capped or limited at $7,500. For most first-time home buyers, this means the credit will equal $7,500. For home buyers purchasing a home priced less than $75,000, the credit will equal 10% of the purchase price.

I heard that the tax credit is refundable. What does that mean?

For example, if a qualified home buyer expected, notwithstanding the tax credit, federal income tax liability of $5,000 and had tax withholding of $4,000 for the year, then without the tax credit the taxpayer would owe the IRS $1,000 on April 15th. Suppose now that taxpayer qualified for the $7,500 home buyer tax credit. As a result, the taxpayer would receive a check for $6,500 ($7,500 minus the $1,000 owed).

What is the difference between a tax credit and a tax deduction?

A tax credit is a dollar-for-dollar reduction in what the taxpayer owes. That means that a taxpayer who owes $7,500 in income taxes and who receives a $7,500 tax credit would owe nothing to the IRS.

A tax deduction is subtracted from the amount of income that is taxed. Using the same example, assume the taxpayer is in the 15 percent tax bracket and owes $7,500 in income taxes. If the taxpayer receives a $7,500 deduction, the taxpayer’s tax liability would be reduced by $1,125 (15 percent of $7,500), or lowered from $7,500 to $6,375.

Can I claim the tax credit if I finance the purchase of my home under a mortgage revenue bond (MRB) program?

No. The tax credit cannot be combined with the MRB home buyer program.

I am not a U.S. citizen. Can I claim the tax credit?

For a home purchase in 2009, can I choose whether to treat the purchase as occurring in 2008 or 2009, depending on in which year my credit amount is the largest?

Does the credit have to be paid back to the government? If so, what are the payback provisions?

Yes, the tax credit must be repaid. Home buyers will be required to repay the credit to the government, without interest, over 15 years or when they sell the house, if there is sufficient capital gain from the sale. For example, a home buyer claiming a $7,500 credit would repay the credit at $500 per year. The home owner does not have to begin making repayments on the credit until two years after the credit is claimed. So if the tax credit is claimed on the 2008 tax return, a $500 payment is not due until the 2010 tax return is filed. If the home owner sold the home, then the remaining credit amount would be due from the profit on the home sale. If there was insufficient profit, then the remaining credit payback would be forgiven.

Why must the money be repaid?

Congress’s intent was to provide as large a financial resource as possible for home buyers in the year that they purchase a home. In addition to helping first-time home buyers, this will maximize the stimulus for the housing market and the economy, will help stabilize home prices, and will increase home sales. The repayment requirement reduces the effect on the Federal Treasury and assumes that home buyers will benefit from stabilized and, eventually, increasing future housing prices.

Because the money must be repaid, isn’t the first-time home buyer program really a zero-interest loan rather than a traditional tax credit?

Yes. Because the tax credit must be repaid, it operates like a zero-interest loan. Assuming an interest rate of 7%, that means the home owner saves up to $4,200 in interest payments over the 15-year repayment period. Compared to $7,500 financed through a 30-year mortgage with a 7% interest rate, the home buyer tax credit saves home buyers over $8,100 in interest payments. The program is called a tax credit because it operates through the tax code and is administered by the IRS. Also like a tax credit, it provides a reduction in tax liability in the year it is claimed.

If I’m qualified for the tax credit and buy a home in 2009, can I apply the tax credit against my 2008 tax return?

Yes. The law allows taxpayers to choose (“elect”) to treat qualified home purchases in 2009 as if the purchase occurred on December 31, 2008. This means that the 2008 income limit (MAGI) applies and the election accelerates when the credit can be claimed (tax filing for 2008 returns instead of for 2009 returns). A benefit of this election is that a home buyer in 2009 will know their 2008 MAGI with certainty, thereby helping the buyer know whether the income limit will reduce their credit amount.

Is there any way for a home buyer to access the money allocable to the credit sooner than waiting to file their 2008 tax return?

Yes. Prospective home buyers who believe they qualify for the tax credit are permitted to reduce their income tax withholding. Reducing tax withholding (up to the amount of the credit) will enable the future home buyer to accumulate cash by raising his/her take home pay. This money can then be applied to the downpayment. Buyers should adjust their withholding amount on their W-4 via their employer or through their quarterly estimated tax payment. IRS Publication 919 contains rules and guidelines for income tax withholding. Prospective home buyers should note that if income tax withholding is reduced and the tax credit qualified purchase does not occur, then the individual would be liable for repayment to the IRS of income tax and possible interest charges and penalties.

Breaking News: Tax Credit Can Be Used on Closing Costs. Call Me For Details!

Mon, 08 Jun 2009 11:20:33 -0500

Breaking News: Tax Credit Can Be Used on Closing Costs. Call Me For Details!

FHA-approved lenders were recently given the green light to develop bridge-loan products that would allow first-time buyers (anyone who has not owned a home in the last three years) to use the benefits of the federal tax credit "upfront."

Under these HUD developments and guidance, FHA-approved lenders can develop bridge loans that buyers can use in different ways. Most notably, you could use it to help cover closing costs, possibly buy down your interest rate, or even offer more than the minimum 3.5 percent down, which would allow you to make a stronger offer—a key strategy in some markets where first time buyers are competing with investors in specific price ranges.

Note: HUD officials indicate that the loans can't be used to cover the required minimum 3.5 percent down, only to supplement the down payment. In addition to this new development, there remain many state, local and nonprofit lender resources and programs for buyers needing help with the 3.5 percent downpayment. (Call me to see which resources you might qualify for)

These new developments, combined with the (up to) $8,000 tax credit and the historically low prices and still low mortgage rates, make this an opportune time to buy. Call me for a free consultation to discuss your specific opportunities and situation. The tax credit is only good through 2009, so now is the time to take advantage and not get caught in the crunch toward the end of the year when procrastinating buyers will scramble to buy before the tax credit expires.

Thanks!

Jan

If you buy your next home through me, I will sell yours for only $1. Limited Time Offer

Tue, 19 May 2009 16:56:53 -0500

Here is a place to search the Phildelphia Area MLS in relatively real time. Go to www.JanGaweda.com and go to search for a home. Enjoy! There is no charge or obligation but I hope you will consider me as your agent in the future. I handle Real Estate sales throughout Southeastern PA.

As a limited time promotion:

IF YOU PURCHASE YOUR NEXT HOME THROUGH JAN GAWEDA, I WILL SELL YOUR HOME FOR $1.00 IN COMMISSION! (IF ANY OTHER AGENT SELLS YOUR PROPERTY, THE MAXIMUM COMMISSON YOU WILL EVER PAY IS 2.5% +$1.00)

This is not a misprint, and we guarantee it in writing. In limited areas of Pennsylvania , if you list your home with JAN GAWEDA, I will sell your house for $1.00. All you need to do is purchase your next property with JAN GAWEDA to take advantage of this limited time offer!*

If you participate in our 2.5% plus $1 promotion, you will receive full Realtor Service. Your property will be placed on the Multiple Listing Service, Realtor.com, listed with E showings, www.JANGAWEDA.com, and www.citizenspremier.com. In addition to these services, I will supply professional lawn signs and advertising to sell your home. I will put your home in front of hundreds of thousands of potential buyers.

Under this promotion, if participating in the 2.5% plus $1.00 commission, your home will be listed with photos on the Multiple Listing Service and promoted on Realtor.com and the Citizens Premier Real Estate, Inc. Website. If participating in the $1.00 only promotion, your property will be listed under the "exclusive listings" section of the Citizens Premier Real Estate Inc. Website, and a lawn sign provided.

(SEE TERMS AND CONDITIONS)

For every property sold by Citizens Premier Real Estate, Inc., under this promotion, the client will authorize Citizens Premier Real Estate, Inc. (for marketing purposes) to use and disclose their name, hometown, and the amount of money saved, while maintaining all other privacy.
Citizens Premier Real Estate, Inc. reserves the right to withdraw this offer at any time when it uniformly terminates this promotion.

This offer is subject to a limited marketing area in Pennsylvania: Bucks County, Montgomery County, Chester County, Delaware County and Philadelphia Counties. In New Jersey: Burlington County, Gloucester County, Salem County, Mercer County, Camden County, Atlantic and Cape May Counties. *A Consumer is not required to enter any sale, listing, or other real estate contract as a condition of their receipt and use of the free, discounted or other services or products included in the promotional offer.

A Citizens Premier Real Estate, Inc. sign will be placed on the property (if ordinances permit).
Property must be placed on a lock box which can be accessed by licensed agents, if placed in the MLS.

Citizens Premier Real Estate, Inc/ E showings will coordinate all showing appointments with client.

Limerick PA Yard Sale April 25/26- Waterford Greene and Hamlet Community 2-Day Yard Sale

Sun, 26 Apr 2009 10:17:31 -0500

Waterford Greene and Hamlet Residents are participating in their annual yard sale. This year it is a two day event. Stop by and see what great deals you can get. Event runs until 1PM April 25 and 26.

Here is a map link of the Area.

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As a proud parent and successful businessman, Jan Gaweda knows the key to success in both of these area’s is having a driven mentality. He applies this same devoted approach to helping other families make the most of their home sale or purchase as a leading real estate agent. From consultation to closing, Jan goes above and beyond to give people the information, guidance and personalized service he’d expect for his own family.

Whether clients are interested in purchasing their first home or selling their longtime residence for maxi-mum return, he pulls out all the stops to get them the highest return on their investment. If a move is in your near future, entrust this important part of your life to a professional who knows that your family is priority one. Your Family Comes First with Jan Gaweda. Call him today for a free consultation.

Jan Gaweda | Citizens Premier Real Estate
1225 Industrial Boulevard | Southampton, PA 18966
Direct: 610-653-0386
Office: 215-396-0500 x3428
Email: Jan@JanGaweda.com
License Number: PA RS290259

Not-To-Be Forgotten Foundation- They have two events they asked me to post.

Fri, 10 Apr 2009 14:26:42 -0500

Two events in May which happens during Older American Month and we would be grateful if you could add these events to your calendar.

1. 1st Annual Tea Party - May 2, 2009 10:30am - 12:30pm
Villanova Conference Center 601 County Line Road Radnor, PA 19087
Our Conscientious Acts of Kindness Campaign will kick off with a Tea Party during Older Americans Month on May 2, 2009. Our special guests will be members of the senior population in Delaware County who are invited to bring family members and friends. All groups in attendance must have a senior citizen (60+ years of age) as a member of their party. The Tea Party will act as an outreach program focused on connecting the generations, bringing awareness to senior issues and challenging the younger generations and the community at large to take a daily interest in those seniors whose lives cross paths with their own by making conscientious choices to assist seniors in their neighborhoods, in their communities and in their families with purposeful acts of kindness. For instance, bringing trash cans up from the curb on trash day, assisting in unloading a grocery cart at the grocery store, making sure their walkways are safe by shoveling their snow and/or raking their leaves. For more info or tickets: www.ntbff.org

2. 'PA'Ducky Derby - May 16, 2009 1pm - 5pm Ducks will be dropped around 4:30pm Governor Printz Park 101 Taylor Avenue Essington, PA 19029 ntbf is organizing a Duck Derby on May 16, 2009 as part of Delaware County Older Americans Month celebration. The Duck Derby and its related functions (a kick-off silent auction, duck adoptions, etc.) will act as ntbffs primary fund raising activity for 2009. Individuals, organizations, companies and groups will be able to adopt a bright yellow rubber duck for $5 each. All adopted ducks will be tagged and dropped into the Delaware River at Governor Printz Park in Essington. Each derby duck will then race towards the finish line with a winning number attached to it. As a specified number of adopted ducks cross the finish line, they will be cross-referenced on a master list to their lucky parents. Prizes will be awarded to the winning ducks. In addition to the Duck Derby, ntbf will coordinate a day of family activities in Governor Printz Park on the day of the Derby. For more info, to adopt a duck, or to volunteer - please visit www.ntbff.org.

Five Things That Can't Be Trashed or Recycled

Thu, 09 Apr 2009 08:04:48 -0500

Five Things That Can't Be Trashed or Recycled

Wondering what to do with the cans of unneeded paint or your stash of old batteries taking up space in your house and garage? You know you shouldn't throw them out, but it really is time to get rid of them. Resist the temptation to toss them in the trash anyway. The reason: They (and everything on the list below) contain toxic chemicals capable of contaminating the environment if not disposed of properly.

Unlike items that are picked up at the curb, you'll have to make a special effort to unload these ones responsibly. But, with a little advance planning and some good info, you'll see that it's really quite simple to dispose of these seemingly mysterious items. Here's how:

    * Batteries. Recycling rechargeable batteries is fairly easy. Home Depot, Staples, Radio Shack, Best Buy, and other retailers take them back free of charge. There are fewer options for single-use batteries, but look for bins at your local Whole Foods Market, Ikea, or library. Otherwise, your best bet is the local household hazardous waste drop-off site. Where is it and what are your closest drop-off options? Search here [http://www.homehintsenews.com/dbpage.asp?page_name=notrashrecycle] for answers.

    * CFLs. These energy-efficient bulbs are becoming easier to get rid of. Just drop old bulbs off at any Home Depot or Ikea for free recycling. Or ask about CFL recycling at your local Ace Hardware or home improvement store. You can search locally for other nearby solutions.

    * Electronics. Every retailer that takes back rechargeable batteries also accepts mobile phones, as do most wireless providers. For computers, cameras, televisions and others, it's worthwhile to do a little homework because some stores charge fees depending on item and brand. Check out Best Buy, Staples, and Office Depot to see what's the best fit. Some places, like Radio Shack, have trade-in programs where you can receive store credit for your old gadgets.

    * Motor Oil. In case you need some motivation, consider this: Every gallon of used motor oil that's improperly disposed of can contaminate one million gallons of drinking water. Bring it to Wal-Mart, Autozone, Jiffy Lube, or search online for more convenient choices.

    * Paint. It's among the harder items in this group to dispose of, but it's worth it and totally doable. Remember, with proper planning and application, paint disposal is usually unnecessary. Buy the right amount for your project. Apply a second coat and touch up areas that need improvement. If the paint is still in good shape, consider donating it. Liquid wastes are restricted from municipal solid waste landfills – never throw away leftover liquid paints in your trash. The National Paint and Coatings Association suggests:

Latex Paint Disposal Steps

   1. Unused latex paint should be poured into an absorbent material such as a cat box filler, shredded newspaper or sawdust.

   2. Let it dry completely and dispose of the dried material in your regular trash.

   3. In areas where recycling programs exist, save the dry, empty containers with the lids off for a steel can recycling program. Small amounts of dried residue will not hinder steel can recycling.

   4. Wash your paint brushes and painting tools in the sink. Never clean your paint brushes near a storm sewer drain.

Solvent-Based Paint Disposal

Solvent-based or alkyd paints require special disposal practices. Solvent-based paints are ignitable and present particular hazards. These products should not be emptied into storm sewers, household drains (especially if you have a septic tank) or on the ground.

Disposal Steps

   1. Save solvent-based paints for a household hazardous waste collection program or contact your local/state government environmental protection agency for guidance on reuse or disposal of unwanted solvent-based paint products.

   2. In areas where recycling programs exist, save the dry, empty containers with the lids off for a steel can recycling program. Small amounts of dried residue will not hinder steel can recycling.

   3. Clean paint brushes and painting tools with paint thinner or turpentine.

If you buy your next home through me, I will sell yours for only $1.

Fri, 03 Apr 2009 12:57:32 -0500

As a limited time promotion:

IF YOU PURCHASE YOUR NEXT HOME THROUGH JAN GAWEDA, I WILL SELL YOUR HOME FOR $1.00 IN COMMISSION! (IF ANY OTHER AGENT SELLS YOUR PROPERTY, THE MAXIMUM COMMISSON YOU WILL EVER PAY IS 2.5% +$1.00)

(SEE TERMS AND CONDITIONS)

A Citizens Premier Real Estate, Inc. sign will be placed on the property (if ordinances permit).
Property must be placed on a lock box which can be accessed by licensed agents, if placed in the MLS.

Citizens Premier Real Estate, Inc/ E showings will coordinate all showing appointments with client.

Rates on 30-year mortgages fell recently

Fri, 03 Apr 2009 09:58:59 -0500

Rates on 30-year mortgages fell recently to the lowest level on record after the Federal Reserve launched a new effort to stimulate the struggling U.S. housing market.

Mortgage finance giant Freddie Mac said Thursday that average rates on 30-year fixed-rate mortgages dropped to 4.85% last week, from 4.98% the previous week. This was the lowest in the history of Freddie Mac's survey, which dates back to 1971, and was down a full percentage point from a year ago. These are truly historic times and they present a great opportunity to anyone who is thinking of buying.

If you or someone you know is ready to take advantage of historic low prices and historically low interest rates, please call me or send me your referral. Don't let this opportunity pass you by.

Your Realtor,

Federal Reserve Surprises Financial Markets

Thu, 19 Mar 2009 12:47:01 -0500

Federal Reserve Surprises Financial Markets

Here we go again, with the talking heads on financial news misinterpreting the impact of the Fed's actions on home loan rates.

Here's the scoop. What the Fed just announced is huge – they have committed to buy another $750B in Mortgage Backed Securities, and $300B in Treasuries.

But what does this mean and why do you care?

Their actions provide a demand for Mortgage Backed Securities, which should help keep a ceiling on home loan rates moving much higher in the foreseeable future. That's good news, for homebuyers who are seeing the bargains out there and understanding that now is the time to act. Good news for those who are ready to refinance too.

But an important distinction – this does not mean rates may move significantly lower. Depending on exactly which coupons the Fed purchases when they go shopping for Mortgage Backed Securities, their actions may keep a lid on rates, but not push them very much lower. And based on what they've been buying since the beginning of this year when they started their purchasing program – that is exactly how it has played out.

Present home loan rates are within inches of historic lows. What is keeping you on the sidelines from acting now to refinance and get some dollars back into your own pocket, where they belong – or moving forward to buy the home of your dreams, while it is still on sale?

If you have questions – call me. You know there's no pressure, but let's discuss options and see if there is something we should be looking at to improve your situation.

March 2009 Newsletter- Courtesy of Jan Gaweda- Some info on Obama Plan

Thu, 19 Mar 2009 12:27:11 -0500

Below is a link to my March 2009 Newsletter.
If you ever have any questions, please don't hesitate to call me!

I would be happy to assist you in any future real estate needs!

March 2009 Newsletter

Citizen Premier Office Slideshow

Sat, 14 Mar 2009 23:39:26 -0500

Here are pictures of the Citizen's Premier Office in Southampton. Complete with "free play" arcade and a look at our limo. It is a great place to work and play! Jan Gaweda | Citizens Premier Real Estate 1225 Industrial Boulevard | Southampton, PA 18966 Direct: 610-653-0386 Office: 215-396-0500 x3428 Email: Jan@JanGaweda.com License Number: PA RS290259

Looking to move to Philadelphia or Southeastern PA? I can help you!

Sat, 14 Mar 2009 23:33:43 -0500

If you are relocating to Philadelphia and suburbs and need information about public transportation, schools, or homes for sale call Jan Gaweda at Citizens Premier Real Estate at 610-653-0386.

You can look up all available listings at www.JanGaweda.com also sign up to get many special reports important to real estate sales.

For information about public transportation go to www.septa.org

You can look up information about schools on my web site as well.

If you need more information email Jan@JanGaweda.com

Jan Gaweda | Citizens Premier Real Estate
1225 Industrial Boulevard | Southampton, PA 18966
Direct: 610-653-0386
Office: 215-396-0500 x3428
Email: Jan@JanGaweda.com
License Number: PA RS290259