Home Buyers Tax Credit Extended

Congress recently passed legislation was that will extend the First Time Home Buyers Tax Credit. This credit also provides additional tax breaks up to $6,500 for qualified repeat home buyers. With interest rates remaining low this tax credit extension is a bonus for those looking to buy their first home or for those looking to move up. Below are some key highlights to the tax credit for each group.

First Time Home Buyer

• The $8,000 tax credit is for first-time home buyers only. For the tax credit program, the IRS defines a first-time home buyer as someone who has not owned a principal residence during the three-year period prior to the purchase.

• The tax credit does not have to be repaid.

• The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $8,000 and only applies to homes priced at $800,000 or less.

• The tax credit now applies to sales occurring on or after January 1, 2009 and on or before April 30, 2010. However, in cases where a binding sales contract is signed by April 30, 2010, a home purchase completed by June 30, 2010 will qualify.

• For homes purchased on or after January 1, 2009 and on or before November 6, 2009, the income limits are $75,000 for single taxpayers and $150,000 for married couples filing jointly.

• For homes purchased after November 6, 2009 and on or before April 30, 2010, single taxpayers with incomes up to $125,000 and married couples with incomes up to $225,000 qualify for the full tax credit.

Repeat Home Buyer

• To be eligible to claim the tax credit, buyers must have owned and lived in their previous home for five consecutive years out of the last eight years.

• The tax credit does not have to be repaid.

• The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $6,500 and only applies to homes priced at $800,000 or less.

• The credit is available for homes purchased after November 6, 2009 and on or before April 30, 2010. However, in cases where a binding sales contract is signed by April 30, 2010, the home purchase qualifies provided it is completed by June 30, 2010.

• Single taxpayers with incomes up to $125,000 and married couples with incomes up to $225,000 qualify for the full tax credit.

Contact me to begin the process of obtaining financing for your home purchase.

Patrick Dozler – Mortgage Specialist

FirsTier Bank

Direct: 303.439.6818

Cell: 303.598.8606

Coming Spring 2010!

Have you seen the construction going on at the South Pool in the Stonegate neighborhood located in Parker Colorado? We are about to have the South Pool totally updated and added to. Form what I can tell it looks like the major improvements to the pool will be...

• New Kids pool with a zero depth entry, fountains and a huge curly slide. YEAH!
• Brand new large concessions area with clubhouse and meeting/party rooms. YEAH!
• Expanded pool deck with more chairs and there is rumored to be more shaded areas for parents with small kids and those of us not wanting to sit in the sun. YEAH!
• Stonegate is a community in Parker Colorado with about 3000 single family and muli-family homes.

Stonegate Real Estate Market Report...What homes sell for in Stonegate. I cannot wait to get to the pool this coming summer. We have needed these improvements for a few years now and I'm sure we will all be happy! Good job Stonegate!

These properties are all listed from $60,000 to over $90,000. Great investment opportunity. Contact me if you would like more details and FULL MLS Sheets for these units.There are a dozen active on the market right now. 303-941-4663

This is a quick list of the available properties in the Ironstone Condo Complex here in Parker, Colorado. These investment properrty units are bank owned and ready to go. Make sure to click down through the list to see the properties listed in the $60,000 to $70,000 range.If you would like to setup viewing of these properties call me or I can even send you the property details via email. I have investors that were renting these 24 months ago for $700 to $825 per month.

I do know that there will be 10-14 more hitting the market very soon so pay attention.

Stonegate / Grandview Estates / Parker Colorado Handyman

Everyone needs a handyman from time to time. I suggest you give Tom a call. He is a guy that can fix just about anything and he lives right here in Parker. Tom Burson Phone: 303-841-1974 Cell: 303-522-1028

Interior / Exterior :

• Painting/Caulking & Minor Repair
• Drywall Patching / Repairs
• Power Washing
• Deck Repair
• Fence / Gate Repair
• Rental Clean-Ups
• Window Screen Replacement
• Masonry Tuck Pointing
• Replacement of Locks / Doorknobs / Bumpers
• Residential Construction & Remodel Clean-up
• Garage / Basement Clean-Out
• Gutter Clean-Out
• Landscape Maintenance / Yard Clean-up
• Small Tree Pruning and Hedge Trimming

***Holiday Specials***

• Errand Running
• Package Pick-ups

!! Call me for your unique Handyman needs !!

Evening & Weekend Appointments

Free Estimates

Tom Burson

Home: 303-841-1974 Cell: 303-522-1028