first time home buyer tax credit: 4 Reasons to Sell Now
- 02/09/10 09:22 AM
Selling a property in this tough market can seem like a challenge. Here are four factors that actually make this a good time to post a For-Sale sign. Sell low and buy low. Because all property values are down, the loss on the property a home owner sells is really only a paper loss because the next property he buys also will be a bargain. If he buys smartly, when prices come back up in a few years, he'll be in better shape. Down-payment help is widely available. While nothing-down loans have disappeared, it is easy to find down-payment assistance for … (0 comments)
first time home buyer tax credit: Tax Season Starts; IRS Releases Homebuyer Credit Form
- 01/18/10 02:29 AM
The IRS started accepting e-filed tax returns on Jan. 15, marking the official start of tax season. The IRS' popular Free File program also started accepting returns on Friday. However, as usual, W-2 and 1099 forms are generally not due to taxpayers before Feb. 1, so many taxpayers will not be prepared to file before then. With the start of tax season, the IRS also announced the release of a new form that eligible taxpayers must use to claim the first-time homebuyer credit. Form 5405, First-Time Homebuyer Credit and Repayment of the Credit, must be filed with the taxpayer's individual … (1 comments)
first time home buyer tax credit: New tax credit may be worth pouncing on
- 11/17/09 09:36 AM
Take a close, hard look at the new $6,500 federal tax credit for "move up" home buyers that passed the Senate and House last week. Though it's been getting second billing to the original $8,000 credit for first-time purchasers -- now extended by Congress through June 30 -- the $6,500 credit for current homeowners just might have your name on it. How does it work? When will it be available? First things first: The new credit is available now. It took effect Nov. 6, the day President Obama signed the legislation. This means that if you fit the key criteria -- … (0 comments)
first time home buyer tax credit: Economists: Extend the Housing Tax Credit
- 09/16/09 10:14 AM
More than 40 percent of all home buyers in 2009 will qualify for the federal tax credit, costing the government about $15 billion, twice the original estimate, but most housing experts applaud the policy and favor expanding it.Now the decision is up to Congress.Mark Zandi, chief economist for Moody's Economy.com, believes that the credit should be expanded to all homebuyers, even investors, through summer of 2010. "The risks of not doing something like this are too great," he said. "I don't think the coast is clear."James Glassman of JPMorgan Chase also favors expanding the credit but continuing to limit it to … (0 comments)
first time home buyer tax credit: Incentives Spurring Housing Market Rebound
- 08/27/09 10:35 AM
New U.S. home data out Tuesday suggests the U.S. may be easing out of its 3-year housing slump. The U.S. home prices index is made up of home prices in the 20 largest U.S. cities, and while Evansville isn't one of them, an Evansville mortgage banker says home sales here are following suit. The for sale signs still litter neighborhoods, but the housing market is busy making its comeback. "We have definitely seen a big increase in the number of purchase transactions we're doing over the last few months," says Shannon Curry-Bartnick, President of Mortgage Masters. Curry-Bartnick says part of this "rise from the slump" comes as … (0 comments)
first time home buyer tax credit: First-Time Buyer Tax Credit Extension Possible
- 08/24/09 06:07 AM
Bills to extend the maximum $8,000 tax credit for first-time home buyers, which expires Nov. 30, are pending in both the U.S. House and the Senate.Sen. Christopher J. Dodd, a Connecticut Democrat and chairman of the Senate Banking, Housing, and Urban Affairs Committee, is co-sponsor of a bill with Georgia Republican Sen. Johnny Isakson that would raise the credit amount to a maximum of $15,000.Senate Majority Leader Harry M. Reid of Nevada favors an extension of the current credit. He was quoted by the Las Vegas Sun saying, "It's something we can get done."Odds are that the credit will be extended … (2 comments)
first time home buyer tax credit: Sorting out the first time homebuyer credit
- 08/16/09 05:37 AM
Q: We have several questions about the first time homebuyer credit and hope you can help us. First we want to verify that this was extended and that we can still qualify. We think it was extended for purchases from July 2, 2009, to Dec. 1, 2009. Is that correct? I've never owned a home but my wife was married before and owned a home with her ex-husband. Can we still qualify for this credit based on my history of ownership? If we qualify, does it have to be a new home or just new to us? Could we just buy … (2 comments)
first time home buyer tax credit: Home Buyer Tax Credit Could Expand
- 06/22/09 08:03 AM
Any of the proposed changes below would be to the advantage of first time buyers and home owners who have a mortgage. We will continue to monitor this proposal and get back to you as soon as we have an update.
Home Buyer Tax Credit Could Expand A first-time home buyer tax credit of up to $8,000 has helped to move housing inventory during an otherwise sluggish real estate cycle. Now both legislators and the business community are hoping to build on the incentive's success by expanding it.
A number of bills have been introduced in the House and … (1 comments)
first time home buyer tax credit: GOP Plan Aims to Expand Home Buyer Tax Credits
- 03/25/09 04:49 AM
We are seeing increased discussions on new legislation to help first time buyers and home owners wanting to refinance their mortgage. Under the proposal, borrowers refinancing their mortgage would be eligible for $5,000 to help cover closing costs or to reduce their principal balance. The plan also revives a $15,000 home buyer tax credit proposal that Republicans pushed last year. This time, the proposal would require the borrower to have at least a 5 percent down payment. Both programs would expire in July 2010.
This would certainly benefit a large section of the population and would be a factor to … (0 comments)
first time home buyer tax credit: Mortgage rates were unchanged this week.
- 03/08/09 06:02 AM
Here we have the latest changes in the interest rates of last week. We are still seeing historically low rates and long term speculation is that the Federal Government in Washington will lower rates further. We would also like to point out that new home buyers are entitled to a first time homebuyer tax credit of maximum $ 8,000.00. We have already seen an increase in the number of homes being sold and we are also seeing a decline in the month's inventory index.Mortgage rates were unchanged this week.The average 30-year, fixed-rate remained unchanged at 5.41 percent. A basis point is … (0 comments)
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The Trentini Team of F.C. Tucker EMGE REALTORS® provides exceptional service to each of their clients as they help them to achieve their real estate goals. With their knowledge, experience and background, both Kathy and Rolando bring one-of-a-kind perspectives to the table during all of their real estate transactions. Their excellent communication skills combined with their passion for real estate allows The Trentini Team to follow through every time with the highest level of service possible. Rolando and Kathy are your premier Evansville and Newburgh, Indiana real estate source. They can help you buy your dream home or sell your current home for the best price possible. To learn more about what The Trentini Team can do you for you, contact us today!
Selling a property in this tough market can seem like a challenge. Here are four factors that actually make this a good time to post a For-Sale sign.
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