Pennsylvania Real Estate Update

Dear Friend,   The U.S. Government recently extended and expanded the home buyer tax credit.  The $8000 first-time home buyer credit that was scheduled to expire December 1st will continue in effect until April 30, 2010.   In addition, begining December 1st, many current home owners will qualify for a $6500 tax credit if they've ...

Here is a quick overview of the legislation:   The tax credit is available for purchases before May 1, 2010.  Prospective purchasers with binding contracts in place as of April 30, 2010 will be allowed an additional 60 days to complete the transaction. The tax credit remains at $8,000 for first-time purchasers.  No change to ...

Yes, it's sad but true the Governments $8000 stimulus plan is coming to an end! Don't be fooled that this may be exteneded---that is VERY doubtful! Many of you are calling and asking "why" I am saying it end October 15th as the pares say December 1, 2009. The reason is, you must find, a home, negotiaitate a deal and get it ...

  FREE REPORTHow to Keep from Getting Ripped Off When you Buy a Short SaleBy John Rainville, Broker, Realtor®, CSP, RECS, LTRS CertifiedAs banks foreclose on several homes in the area, buyers will find some amazing garage-sale priced homes; but buyers have opportunities to buy homes through a "short sale" before a home goes into ...

This is right from the NAHB.com site and is the most easy to understand explanation of just "who" is going to qualify for this money! Frequently Asked Questions About the Home Buyer Tax CreditThe American Recovery and Reinvestment Act of 2009 authorizes a tax credit of up to $8,000 for qualified first-time home buyers ...

I have been pondering almost daily this great financial debacle that we have gotten ourselves into and how it happened. Now I understand Barry Obama likes to point the finger at the GOP or George Bush, but it started way before "W" became Number 43.  It seems to me that this whole mess can be traced back to Post WWII America and ...

Pending Home Sales Rising... By: Dacia Turner Tuesday, February 03, 2009 8:15 PM According to National Association of REALTORS® pending home sales have significantly increased due to the affordability in the market right now. The Appointment Desk used by my office reported record showings over the past two weeks. In Nashville, showings ...

WOW! We are back in the low 5% range for mortgages!  What a country!  And if you are a first time buyer you will be able to suck up the $7500 Federal tax incentive and you only have to pay back $500 a year! Our one lender just told us that they are now abel to look at lower than 600 FICO scores for FHA financing for people who may have ...

    How to Get an Offer on Your Home 1. Price it right. Set a price at the lower end of your property’s realistic price range. 2. Prepare for visitors. Get your house market ready at least two weeks before you begin showing it. 3. Be flexible about showings. It’s often disruptive to have a house ready to show at ...

HIGHLIGHTS     First time home buyers who purchase a principle residence between 4-9-08 and 7-1-09 qualify for the tax credit.  (it is retroactive for buyers who have already purchased.)   The maximum credit is $7,500 or 10% of the purchase price if purchase is lower than $75,000.   If home is purchased in 2009, home ...