firsttime homebuyers: A Proven 3 Step Process to Finding the Right Home
- 01/29/11 05:58 AM
A Proven 3 Step Process to Finding the Right Home Step 1 - Approach the home buying process objectively: There is no perfect house, look for a home that meets 85% of your criteria. The good deals and good homes sell quickly. Avoid second guessing your decision, also known as buyer's remorse. Step 2 - As you see each home, ask yourself these 3 questions: What do I like about this home? What would I want or need to change? Can I see myself owning this home and at what purchase price? Step 3 - Remember you have safety nets … (1 comments)
firsttime homebuyers: Home Buyer Tax Credit Deadline is Approaching: April 30, 2010
- 04/02/10 05:16 AM
It's April 2, 2010 and that leaves just 28 more days for home buyer tax credit deadline. To qualify for the home buyer tax credit, you must have an accepted offer on a home by April 30, 2010 and you must close on the home by June 30, 2010. The first time homebuyer tax credit amount is 10 percent of the purchase price of the home, with a maximum available credit of $8,000. To apply for the credit IRS Form 5405 is filed with your federal income tax return. Detailed information on the home buyer tax credit can be found on … (0 comments)
firsttime homebuyers: Filing Taxes and the First-Time Homebuyer Credit
- 02/25/10 09:02 AM
If you are filing your tax return and qualify for the first time homebuyer credit, Form 5405 needs to be included with your tax return. Click Here for a link to the Internal Revenue Service site and form 5405. Additional information and instructions, can be found at the IRS website. Click Here to link to the IRS page: "New Homebuyer Credit Form Released; Taxpayers Reminded to Attach Settlement Statement and Other Key Documents." *This is for informational purposes only and is not intended as legal or professional advice. Consult a professional attorney or accountant for advice and … (0 comments)
firsttime homebuyers: Limited Time Offer on Free $8,000 Tax Credit
- 02/25/09 08:21 AM
Just in case you haven't already heard, Congress has enacted legislation providing a tax credit of up to $8,000 for first time home buyers. The important thing to remember is that this is a limited time offer. This tax credit is available only for homes purchased between January 1, 2009 and November 30, 2009. The tax credit is equal to 10% of the home's purchase price up to a maximum of $8,000 and is available to first time home buyers only. This 2009 tax credit does not have to be repaid. Call me at 224-627-7581 for … (0 comments)
firsttime homebuyers: Common Home Buying Mistakes
- 02/24/09 08:20 AM
You're ready to start looking for a new home! Avoid these common home buying mistakes: You don't get pre-qualified for a home loan before you start shopping. The first step in the home buying process is to get pre-qualified for a mortgage. You find the right house but wait to make an offer ... and someone else buys it. You don't think RESALE value before you buy. You select the wrong Realtor to help you. Give me a call at 224-627-7581 or send an email to Jim@StarHomeFinders.com to set up a complimentary appointment to discuss the … (0 comments)
firsttime homebuyers: Lake County's Largest Bridal Fair
- 11/26/08 07:52 AM
"Lake County's Largest Bridal Fair" will be held on Sunday, January 4th, 2009 from 12 noon to 3:30 pm. The Bridal Fair will be held in new Monaco Banquets at the Sundance Saloon, 300 Lakehurst Road in Waukegan, Illinois. The Bridal Fair will feature over 70 of Lake County's top wedding vendors. Admission is free. Although realtor services are not directly tied into the wedding day, many couples are looking for a new home for their new life together. And many couples have one or two homes to sell first, before they can purchase a new home together. … (0 comments)
firsttime homebuyers: New Homebuyer Tax Credit
- 08/15/08 11:06 AM
Do you still have questions about the new $7500 tax credit available for qualified home purchases between April 9, 2008 and June 30, 2009? This homebuyer tax credit is actually a loan repayable over 15 years. The National Association of Realtors has provided a list of: "Frequently asked questions about the first-time homebuyer tax credit" Plus an easy to use: "First-time homebuyer tax credit chart" Both of these references should explain the new homebuyer tax credit and answer any of your questions. If you would like to discuss the possible use of this credit, … (0 comments)
firsttime homebuyers: First-Time Homebuyer Tax Credit
- 08/04/08 03:52 AM
On July 30th, President Bush signed a major housing bill (H.R. 3221) into law. As part of the housing bill, Congress has created a new, temporary tax credit to provide an incentive for first-time homebuyers. The $7,500 credit will be available for the purchase of a principal residence on or after April 9th, 2008 and before July 1, 2009. Caveat: This information is accurate based on information available as of July 30, 2008. As with any tax law change, check with a tax advisor if there are questions about using this provision. For additional details on this first time … (1 comments)
A Proven 3 Step Process to Finding the Right Home 
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