First-Time Campbell Homebuyers Alert: Only 26 Days Left to Qualify for FREE Tax Credit

By
Real Estate Agent with Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty DRE# 00901962 Lic.1985
https://activerain.com/droplet/5dgT
First-Time Campbell Homebuyers Alert: Only 26 Days Left to Qualify for FREE Tax Credit

by Michelle C. Carr-Crowe

First-Time Campbell Homebuyers Alert: Urgent! There's only 26 days left to qualify for the U.S. Government's free tax credit of up to $8,000. If you or someone you care about has been “on the fence” about buying a home in 2010, I’ll get right to the point: there are financially sound reasons to carefully consider buying in spring 2010.

For example, 2010 is a good year to buy in San Jose, Campbell, Los Gatos, Palo Alto, Sunnyvale, Santa Clara, Saratoga or Cupertino IF you meet both of the following criteria:

1) You plan to buy a property for $800,000 or less

2) You have not owned a home in the last 3 years

3) You could benefit from the additional tax write-offs for mortgage interest

Currently, interest rates remain low. Even if prices go down later in the year, experts predict that the expected higher interest rates cost will make home ownership less affordable.

For example, an $800,000 home with 20 percent down ($160,000) means a loan of $640,000. At an interest rate of .05 percent, including allowances for principal and interest, the monthly amount would be ~ $3,435.66. When you include allowances for taxes and insurance, it results in a monthly investment of ~$4,522.33.

There are additional qualification requirements; to find out more details, send an email to info@michellejudycarr.com.

Click here to check your own home affordability with our complimentary calculator.

FYI, there are additional specific benefits for people who are 55 or older, blind or disabled, as well as those who and plan to sell in Santa Clara County and buy a home for the same price or less in Santa Clara County or one of six other participating counties in the Proposition 60 & 90 program.

Currently, the limited-time tax credit available to first-time homebuyers buying a property in 2010 has an important caveat: the home MUST be in contract by April 30, 2010, and it absolutely must close by June 30, 2010 to qualify.

This window is only open for a mere 26 days.

Is NOW Your Time to Buy a Home in Campbell? Just Call (408) 252-8900 for a free, no-obligation consultation. We'll give you our honest opinion on whether buying a home during this special time will benefit you.

P.S. I also know of different Campbell area homes not yet on the market!

Click here to check your rent vs own home affordability and savings with our complimentary calculator.

How Much Can You Afford? Our calculators will help you determine loan amounts, mortgage qualification, affordability or whether you should be renting or buying.

Your customized rent versus own analysis is based upon: An initial monthly rental payment of $3,000.00. We assume that your rent will increase by 2.5% per year. You are considering buying a home valued at $800,000.00, with a down payment of 20% or $160,000.00.

Your monthly mortgage payment of $3,435.66 includes both principal and interest and is based upon a loan amount at an interest rate of 5%. Because your down payment is less than 25 %, we have included Mortgage Insurance to be paid on a monthly basis.

Summary: By buying your home versus renting you will have saved $354,262.72 over the next 10 years.

(Net Appreciation - Total Investment Return + Total Rental Payment - Total Mortgage Payment)

Breakdown of this Analysis: Total Rental Payment: $406,921.74

Total Mortgage Payment: $606,679.01

Down Payment: $160,000.00

Home Value: $1,242,375.54

Interest Earned: $100,623.14

Remaining Loan Balance: $427,732.42

Total Investment Return: $260,623.14

Net Appreciation: $814,643.12

*This example is for informational use only and not a quote or rate guarantee. Call your licensed loan professional for specific rates, terms and qualifications for your unique situation.

Remember, with only 26 days left to qualify for the U.S. Government's free tax credit of up to $8,000, it's time to hop off the fence. Just Call 408.252.8900.
Posted by

Aloha & God Bless You, 

Michelle Carr Crowe Just Call 408-252-8900 sign image

 

Michelle Carr Crowe of the Get Results Team Real Estate Agent . Author . Coach . Trainer DRE #00901962 Licensed to Sell since 1985

P: Just Call ... 408-252-8900
F: 408-947-1585
E: GetResultsTeam@gmail.com
1190 S. Bascom Ave., Suite #118
San Jose, CA 95128
www.MichelleJudyCarr.com

Michelle C. Carr-Crowe and the Get Results Team (established by the late legendary Silicon Valley super agent Judy Carr) are known as the "Lynbrook and Cupertino Schools Experts." Coaching clients to success is Michelle's passion, making her and her team creative catalysts for positive change in people's lives. She is a Silicon Valley-based multi-million dollar real estate consultant, author, coach and trainer who works by referral only.

Her designations have included: Accredited Buyers Representative (ABR), Accredited Consultant of Real Estate (ACRE), Accredited Luxury Home Specialist (ALHS)Accredited Staging Professional (ASP)Certified Distressed Property Expert (CDPE),  Property Marketing Expert (PME), Real Estate CyberSpace Specialist (RECS), and Senior Real Estate Specialist (SRES).

Michelle is an internationally-published freelance writer with over 1,200 traditional articles in print and online, co-author of two books on Silicon Valley-specific real estate as well as over 68,000 blog posts on Blogger, ActiveRain, Examiner, FaceBook, Realtor, Trulia, RealBird and others. She enjoys reading, traveling, animals, nature, family, dancing, staging, consulting, coaching and praying. Check out her blog at www.activerain.com/results or visit her online at www.michellejudycarr.com or www.lynbrookhighhomes.com. For RE$ult$ ... Just Call ... (408) 252-8900.

 

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