sandia heights real estate: Albuquerque Area Real Estate, Elite Asset management Team, RE/MAX Elite, $8000 Tax Credit Update - 01/28/10 05:15 AM
IRS Releases New Tax Credit Forms
The IRS has released IR-2010-006 providing a revised Form 5405 to reflect the changes to the tax credit made in the extension and expansion legislation enacted in November 2009. The release reminds taxpayers that all tax returns claiming the tax credit must be filed manually (i.e., they cannot utilize the IRS E-File automatic system). The revised form includes a section for those repeat buyers who are eligible to claim the $6500 tax credit. The HUD-1 or evidence of the transaction must be filed with all returns claiming the credit (both the $8000 and $6500 credits). … (0 comments)

sandia heights real estate: Albuquerque Area Market Update - November 2009 - 12/22/09 12:56 PM
Albuquerque Market Update for November 2009 Our Single-family, detached home sales in the Greater Albuquerque market areas are up 57.18 percent from November 2008. The Albuquerque, Rio Rancho, Corrales, Placitas, Bernalillo, East Mountains and Valencia County MLS areas all had at least 50 percent increases in single-family, detached home sales compared to the previous year. Pending homes for single-family, detached homes increased 20.69 percent from November 2008. We seem to be in position for a potential turn around in 2010. … (0 comments)

sandia heights real estate: Albuquerque, New Mexico - Home for Sale, Sandia Heights, 1723 Quail Run CT, 87122 - 12/02/09 03:19 AM
SANDIA HEIGHTS!! Huge Potential for this Distressed Property. Great Floor plan, lots of windows, High beamed ceilings, large fireplace & great views from living room. 4 bedrooms with the potentail of a great master bedroom. This home needs lots of work, being sold AS-IS, no warranties.
 
WE HAVE OTHER DISTRESSED PROPERTIES AND SHORT SALES. FOR A COMPLETE LIST EMAIL: PETE@NMELITE.com
 

 

 

… (0 comments)

sandia heights real estate: Albuquerque Real Estate - National and Regional Market Overview - 11/25/09 03:12 AM
Here is some great news from the national level that tie in just right to what is taking place in our local market.
With interest rates near historic lows and the First-Time Home Buyer Tax Credit set to expire, October Existing Home Sales enjoyed another significant  increase.  NAR's monthly data shows sales were up 10.1% to a seasonally adjusted rate of 6.1 million sales.  Residential inventory supply dropped to just 7 months, a level not seen since February 2007.
 
October National Sales
Existing Home Sales: Up 10.1% from September  at an annualized rate of 6.10 mil units, and 23.5% higher than … (0 comments)

sandia heights real estate: Tax Credit Overview from RE/MAX CEO Margaret Kelly - 11/14/09 03:01 PM
RE/MAX Chief Executive Officer, Margaret Kelly, talks about the government's extension/expansion of the first-time homebuyer tax credit. Certain existing homeowners can now qualify for the credit and homebuyers have until April 30, 2010 to put a contract on a house. Contact Pete Veres from Albuquerque, New Mexico at 505-362-2005 to get all the details and a free list of $8000 Tax Credit homes go to: www.8Kcreditinfo.net … (0 comments)

sandia heights real estate: Home Buyers Tax Credit Overview - 11/09/09 01:15 AM
This is one of the Best times to buy a Home, Low rates and a New Tax Credit Program
Tax Credit Plan Highlights
The homebuyer tax credit expansion measure includes these provisions:
 • Extends the $8,000 first time Homebuyers Tax Credit and creates a new $6,500 tax credit for homeowners buying a new home by July 1, 2010.
• Homebuyers with contracts as of April 30 qualify for the credit so long as they close the transaction within 60 days.
• The full credit is available to homebuyers with incomes of up to $125,000 for a single return or $225,000 for … (0 comments)

sandia heights real estate: House Votes to Expand Home Buyer Tax Credit - Albuquerque, New Mexico - 11/05/09 11:50 AM
Great news for Home Buyers! Buying a home may get cheaper for a new group of home buyers, $6500.00 cheaper.  So what does this mean?
Potentail Buyers who have owned their existing homes for at least 5 years would become eligible for tax credits of up to $6,500. First-time homebuyers - or anyone who hasn't owned a home in the last three years - would still get up to $8,000. To qualify for these credits, buyers in both groups have to sign a purchase agreement by April 30, 2010, and close by June 30.
This is great news and hopefully it will … (0 comments)

sandia heights real estate: Great Tax Credit News - Albuquerque, NM - 10/29/09 03:02 AM
Great news and a nice addition for existing home owners. Let's hope this gets finalized very soon.
This will realy help many people and hopefully the economy.
HOME BUYER'S TAX CREDIT
Home Buyer Credit May Get New Life
Key lawmakers in the Senate have tentatively agreed to extend the existing $8,000 tax credit for first-time home buyers and also offer a potential $6,500 credit for existing homeowners who have lived in their current residence for a consecutive five-year period in the past eight years. Home buyers must be under contract by April 30, 2010, and close before July 1.
The $6500.00 … (2 comments)

sandia heights real estate: Sandia Heights, Albuquerque, New Mexico 87122 - First Snow Fall - 10/28/09 09:12 AM
Well, Sandia Heights saw their first snow of the year. Rumors are that El Nino http://www.elnino.noaa.gov/ will have a great impact on the amount of snow we will see. This means we should have a great ski season with lots of fresh and fluffy powder in the higher elevations, usually avove 8500 feet.
What many people don't realize is that our top ski areas in New Mexico have base elevations of our 10,000feet with the peaks over 12,000 feet. This in combination with our high desert climate provided some excellent powder skiing.
Another great asset to Albuquerque is that you can ski … (2 comments)

sandia heights real estate: Sandia Heights, Albuquerque, New Mexico 87122 - Fall Scenery - 10/22/09 02:06 PM
What a great place we live in!!! Sandia Heights ....
Sandia Heights is located in the Far Northeast part of Albuquerque and is situated at the base Sandia Mountains which rise over 4000 feet to a peak of about 10,670 feet.
 Sandia Heights features elegant contemporary and adobe southwest style homes on city lots to just over 1 acre lots. Natural landscaping is dominant in this area. The views from many of the lots are absolutely spectacular, with city lights, sunsets and mountain views.
 Within Sandia Heights you'll find a few attached town homes, patio homes starting at 1200 square feet. … (0 comments)