Bergen County New Jersey Real Estate Newsletter June 2010
Hi everyone and Lisa says Hi!
June has arrived and so has our updated Real Estate Newsletter!
Summer is upon us now with warmer weather thankfully. In fact it's darn right hotter weather today.
The good news is the Real Estate Market has warmed up as well.
The First Time Home Buyer Tax Credit has ended but good news may be on the horizon.
A few weeks ago New Jersey passed a First Time Home Buyer Tax Credit that will allocate $100 million in tax credits to buyers who purchase a new or existing home in the Garden State this year.
The bill, A-1678, would give individual home buyers, on a first-come first-serve basis, tax breaks up to $15,000, or 5% of the selling price of the house, whichever is less.
The credit would be distributed over a three-year period, starting in 2011. There are no income limits for eligibility.
The Bill still has to pass the Senate vote so keep your fingers crossed.
We have seen many flowers exploding in a vibrant color display this year after our tough winter.
New Jersey is the Garden State.
Business is great and we are excited at the possibilities available for first time home buyers as well as sellers looking to move up.
Historically, interest rates are still at an all time low.
Either moving up or buying for the first time, now is a great time to make the move up to home ownership.
This Newsletter is full of interesting and useful information that we think you will enjoy whether you are a buyer, seller, homeowner, or renter.
This month's issue includes topics such as:
"Plenty of Reasons to Buy a Home Even After the Tax Credit";
"It's a Good Time For a Home Inspection";
"Appealing Your Property Tax Bill";
"Where is Real Estate Headed?";
"Is Your Home in Tip-Top Shape for Sale?";
Plus a roundup of May real estate activity as well as much more advice and information.
Happy Summertime to all of you.
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