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| Click Here To See Details |
| Nice exterior curb appeal on this well maintained 3 bedroom, 2.5 bath home in Southwest Columbia. Priced to sell! Open floor plan featuring wood laminate flooring in dining room& hallway. Kitchen with pass thru, wood Burning fireplace in living room, large family room& computer alcove in lower level fenced yard, nice deck on back corner lot. |
| Bedrooms: 3
Bathrooms: 2/1
Square Feet: 2157
Type: Traditional
Subdivision: COUNTRY HILL
Area: Boone Southwest MLS ID: 324328 |
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| A real one of a kind gem in Vanderveen! Luxurious pampering master bath with separate shower& jetted tub with a built in flat screen TV! A must see! Upgraded stainless appliances in kitchen. Large fenced backyard, completely repainted interior, extra crown molding in dining room, entry& living room. Ready to move in! |
| Bedrooms: 3 Bathrooms: 2 Square Feet: 1819 Type: Traditional Subdivision: VANDERVEEN Area: Southwest MLS ID: 324471 |
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| Click Here To See Details |
| Well maintained ranch with fenced backyard, formal dining room with tray ceiling, split bedroom floor plan, extra cabinetry in the utiluty room, gas fireplace, double sinks in master bath, 10 foot ceilings in entry& living room. |
| Bedrooms: 3 Bathrooms: 2 Square Feet: 1505 Type: Traditional Subdivision: VANDERVEEN Area: Southwest MLS ID: 324513 |
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When I first heard about the repeat buyer tax credit, my response was "hooray, I'm moving". I was wrong. It turns out, I'm not elligible. Here are the basic facts about the tax credit:
1. You need to have lived in your home for 5 of the last 8 years as your primary residence.
2. If you are married, both spouses need to have lived in the home for 5 of the last 8 years.
3. After receiving the tax credit, you must live in your new home for 3 years. If you do not, the credit is re-captured (you will have to pay it back). It is not pro-rated. If you move one day less than 3 years, you must pay it back.
4. The credit is for the purchase of a home with a sale price of less than $800,000.
5. There is an income limit of $125,000 for a single person or $225,000 for a married couple. With a higher income, you may be eligible for a partial credit.
6. There are exceptions for uniformed military and members of the intellligence community. They can take up to a year later to close depending on their circumstances and do not have to pay back the recapture if they move early due to being on active duty more than 50 miles from their home for 90 days or more.
7. You must have a home under contract by April 30, 2010 and close by June 30, 2010.
8. If you have a house built you need to close and move in by June 30, 2010.
9. The credit is 10% of the purchase price up to $6500.
10. The credit can be used for a single family home, condo, manufactured home, or house boat.
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Our 2009 summer housing numbers indicate our market is going against a national trend. Our sales have increased this year over last year according to data from the Columbia Board of Realtors. In July this year we had 211 single family homes sold, compared to 182 homes for last year. Existing homes continue to enjoy a strong market but new construction sales are soft. For July there were 19 new homs sold compared to 23 in 2008. Part of the reason for this is supply. Our highest new home sale number for July was 76 in 2005. Last year there were 375 new homes on the market compared to 161 for this year. Without supply, sales decrease. The median house price has decreased slightly from $152,200 last year to $150,000 this year. The slight decrease might be a result of the boom in first time home buyers. We had 80 buyers in July that were anticipated to receive the up to $8000 tax credit. Thanks to Carol Van Gorp, CEO of Columbia Board or Realtors from providing the facts and figures for this market update.
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