Tax Credit Extended?
I post this with a question mark becuase I’m not 100% sure – but MSNBC is reporting tonight that the first time home buyer tax credit is being extended as well as expanded. Key points include: Current $8,000 for first time home buyers will be available through June, 2010 (must be under contract before the […]
The Buying Trend Continues
Consumers are busy buying houses, according to the National Association of Realtors (NAR), which announced this week that its Pending Home Sales Index rose 6.4 percent in August to its highest level since March 2007. The uptick in pending home sales marked the seventh consecutive monthly increase, the longest in the series of the index […]
You are invited to a homebuyer seminar
You are invited to a free Home Buyer Seminar this Saturday, September 26th at 11:00 in my office at 22 Henry Street in Basking Ridge. I will be there along with other real estate professionals, including my broker, our mortgage representative, a real estate attorney and a certified public accountant. We’ll address local market conditions […]
Last Chance for $8,000 Tax Credit
The $8,000 tax credit for first-time buyers passed by Congress earlier this year has created an excellent opportunity for those wishing to capitalize on today’s affordable housing market. Yet, with the average real estate transaction taking 45-60 days to complete, buyers wishing to claim the $8,000 tax credit should be under contract to purchase a […]
Real Estate Recovery Continues
In July, the National Association of Realtors (NAR) Pending Home Sales Index rose to the highest level since June 2007. Not only was the number of homes pending sale up from June, the index was also 12 percent higher than the same month last year. Pending home sales are a good indicator of the […]
New Price – Basking Ridge, NJ – Townhouse
The new price on this stunning 1900 Hamilton Crest model with a versatile loft is too good to be true! ………. $497,000 ……… Upgraded kitchen with patio access – private back yard! At the end of a cul-de-sac it’s location in the development affords ample guest parking. Hardwood floors throughout the first floor, corian counters, ceramic […]
Back to Basking Ridge after a week of R&R
I just returned from a wonderful vacation week at the Jersey Shore. The weather couldn’t have been better – it didn’t start to rain until we were leaving the island! Anyway, I am not ready to return to work – but having neglected my blog for over a week, I thought I would pop on […]
Does it make sense to buy now?
This is a question that only YOU can answer! The $8,000 tax credit sounds very appealing – and it certainly is a GREAT deal! Especially while prices are still low and interest rates are still manageable. Owning your first home is a big step, and of course it is going to be a little stressful […]
Not new news – tax credit
By: Tim McLaughlin, Weichert Financial A few weeks back, HUD made good on a promise to provide guidance to lenders regarding how they can enable buyers to use the $8,000 tax credit to effectively buy down their mortgage rate by giving them a larger down payment. Here’s how the program will work: The option is […]
The clock is ticking…
Q. What is the credit? A. The first-time homebuyer credit is a new tax credit included in the recently enacted Housing and Economic Recovery Act of 2008. For homes purchased in 2008, the credit operates like an interest-free loan because it must be repaid over a 15-year period. The credit was expanded in 2009 […]