homeowner tax benefits: It's Working and Working Well!!! - 12/27/09 01:10 PM
You might ask, what is working and working well. I am speaking about the $8000 Home Buying Credit. A recent home buyer brought up the $8000 credit and told me that was the motivating factor for him and his wife purchasing a home. The termination date creates urgency and action. Low prices are motivating but not the cause of action. Many think they can time the market. Good Luck to them. People in the business think the lowest interest rates in 40 years should be creating urgency. It certainly makes people think but low rates is all many of these young … (2 comments)
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homeowner tax benefits: Every Negative Has a Positive!!! - 03/26/09 09:15 PM
Every Negative Has a PositivePositives of This Economy
•1. Bay Area Housing Affordability has gone from 16% to 38%
•2. Debt of Americans is Decreasing.
•3. A Large Increase in People Volunteering.
•4. A Large increase in Military Enrollment.
•5. First Time Home Buyers can get an $8000 Tax Credit.
•6. Buyers of California New Homes can get a $10,000 State Tax Credit.
•7. People are able to modify or refinance their loans to an affordable payment.
•8. Businesses have the opportunity to clean up their books and start fresh.
•9. Great Opportunity to Purchase a new car or any other … (0 comments)
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homeowner tax benefits: Top 10 Reasons to Purchase Bay Area Real Estate - 03/02/09 12:39 AM
Top 10 Reasons to Purchase Bay Area Real Estate in Today's Market
•1. Interest Rates are near 40 year lows. You can lock in your housing costs for the next 30 years if you buy not if you rent.
•2. Property Values are at 5 year lows. Some areas have declined in value as much as 60%. Bay Area Real Estate has a long history of recovering and appreciating.
•3. There is a large inventory of homes to choose from with Motivated Sellers. Individual owners and banks selling today must sell.
•4. Getting a loan today is not difficult. … (0 comments)
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homeowner tax benefits: Housing Stimulus Package I don't Think So - 08/24/08 02:42 PM
Part of the recent Housing Stimulus package is a much publicized First Time Home Buyer Credit! It is not a credit. It is 15 year Interest FREE loan. Gotta take anything For Free. This applies to any home purchased between April 8, 2008 and July 1, 2009. How and why they picked those dates; don't ask me.
To qualify you must not have owned a home in the last 3 years. The credit is 10% of your home purchase up to $7500. (Half for married filing separately) It is applied to your 2008 federal income tax and if you don't owe … (2 comments)
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