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Bedford, NH

First Time Home Buyer gets special Tax Credit

02-18-09
Ron Fredette
Ron Fredette: Real Estate Agent in Manchester, NH

The Stimulus Plan was signed into law by President Obama yesterday. It contains a new tax credit for first-time homebuyers. Essentially, first-time homebuyers within certain income limits who purchase a home in 2009 before December 1, 2009 will receive a tax credit of up to $8,000. The program is similar to the $7,500 tax credit which applied to home purchases made in 2008 after April 9.

While the Stimulus Plan was still being debated, the Senate version originally included a $15,000 tax credit for all homebuyers. To lower the cost of the Stimulus Plan, the final version of the Plan contained this smaller tax credit, and this tax credit is applicable only to first-time homebuyers.

To qualify as a first-time home buyer as defined in the programs, the purchaser (and the purchaser's spouse) may not have owned a home in the three years prior to the purchase date of the home. The home must be their primary residence.

Both tax credits are subject to the same adjusted gross income limitations (full credit for Adjusted Gross Income less than $75,000 single/$150,000 joint).

The amount for the tax credit is the lesser of 10% of the home purchase price or $8,000.

While a purchaser still owns the home, the old $7,500 credit must be repaid in equal payments over a period of 15 years, starting with the 2010 tax filing. The new $8,000 credit will not need to be repaid. Again, the old $7,500 credit needs to be repaid, while the new $8,000 credit does not!Upon sale of the home, any portion of the $7,500 credit not yet repaid is due in full. No portion of the $8,000 credit is due upon sale of the home, if the home is owned for more than three years. If the home is sold within the first three years, the full amount of the credit is due upon sale.

The $7,500 credit was not available to any purchaser utilizing state/local revenue bond money to help finance the home purchase (New Hampshire Housing Grant money). There is no such restriction on the $8,000 credit.

Under both the $7,500 and the $8,000 programs, the credit will be claimed on the purchaser's income taxes. Any amount in excess of taxes owed will be refunded to the purchaser.

Additional information about the tax credit can be found on the websites of the National Association of Realtors (www.realtor.org) and the National Association of Home Builders (www.nahb.org).

Bedford, NH 03110

02-09-09
Ron Fredette
Ron Fredette: Real Estate Agent in Manchester, NH

Bedford, NH

Bedford New Hampshire is located in the southern part of the state, just outside of Manchester, NH, giving it the benefit of great access and country living at its best. First settled in 1739, Bedford has the distinction of being the home to former Governors of New Hampshire. Early settlers were immigrants from Ireland, working the land, the result of a grant for retired soldiers. As time proceeded the community grew with citizens constructing homes stores and magnificent churches, some which still stand.

Bedford, New Hampshire real estate is the epitome of New England charm and culture. With its graceful homesteads, most notably The Bedford Village Inn, the town has been transformed. Former farmland has been redeveloped into beautiful large neighborhood homes. Generally rural in character, Bedford offers the lifestyle one hopes for when moving to New Hampshire. With easy highway access to commute to Boston, Massachusetts and the New Hampshire cities of Nashua, Concord and Manchester, makes Bedford the first choice of many. Being a border town to Manchester, Bedford enjoys stable employment and economic stability. It's just an hour or less to ski at the White Mountains of NH, the sandy beaches of Atlantic Ocean, and the cultural events of Boston Massachusetts. Additionally the Manchester - Boston Regional Airport is a 10 minutes away creating direct access to major U.S. cities.

Bedford is also known for it's great schools placing a priority towards higher education. Great colleges are just a stone throw away. Bedford also features a prominent recreational facility of 70 acres that features a park, ball fields and ski trails.

People choose Bedford because of the lifestyle one can experience by living there. The town features many fine homes, small shopping malls, attractive new developments and condos for new buyers and 55 plus buyers. Our real estate team has been finding homes for people wanting this distinct lifestyle for years - we've been working with developers to create the premier experience for those wanting to live in New Hampshire: downtown, in the suburbs or in the country. Bedford, New Hampshire really has it all, great schools, colleges, and tech schools and a lifestyle for all ages, all preferences.

Before we have you start looking at condo or home after home, we'll take the time to listen and to ask the right questions to determine what makes the most sense for you. We'll show you how to use our website tools to search for properties from the convenience of your computer, when and where you want to. We'll help you set up saved searches so you can receive instant emails when new properties come on the market. And when you are ready, we'll be there to assist and advise, granting you the very best service and savings you expect and deserve!

Bedford, New Hampshire...the town with convenience, style and choice...the place you have been searching for!

Bedford, NH New Listing Alert Service!

Fred Doleac, Real Estate in a Virtual World: Real Estate Brokerage in Amherst, NH

Hot Listings Sell Fast - Don't Miss Out!

Our FREE home search service saves you time and provides you with current inventory of homes available through the Multiple Listing Service (MLS) that meet your criteria. All Bedford, New Hampshire real estate listed in the MLS will be provided including homes, land, multi-family and condominium listings.

Home search is a web-based real estate software tool that keeps you continually informed of your local real estate market. Look at some of the features offered:

Picture* Daily/real time alerts of new listings!
Delivered by email or thru your desktop.

* Direct access to the Multiple Listing System


* Advanced search capabilities including searching the remarks for items of interest (pools, barn, in-law, views, etc.)

* Property Addresses and Mapping!!!

To Sign Up Click On

Bedford NH Real Estate Listing Alerts

Click on our Bedford, NH Foreclosure Alert service to receive listings of bank owned and foreclosed property.

RE/MAX real estate agents servicing the Bedford real estate market will follow up and provide professional orientation, relocation and buyer agency services.

Visit Amherst NH real estate, Manchester NH real estate, Goffstown NH real estate, Merrimack NH real estate and New Hampshire real estatefor relocation, school, community, home buying and selling information. Bedford New Hampshire real estate reports are included in the Hillsborough County real estate reports.

Bedford, New Hampshire

Fred Doleac, Real Estate in a Virtual World: Real Estate Brokerage in Amherst, NH

The Community of Bedford, New Hampshire

Bedford, New Hampshire , formerly a quiet farming town, has evolved into an affluent bedroom community for those commuting to nearby Manchester and other cities; notably, Nashua, Boston and even Concord. With an 80/20 residential-to-business ratio, the Bedford, NH real estate profile doesn't automatically evoke a booming business town. However, commerce in the town is growing. Popular establishments include the Bedford Village Inn and Restaurant, one of the top Bed and Breakfasts in New Hampshire, and C.R. Sparks, one of the area's finest restaurants.

Incorporated in 1750, the town was named for Lord John Russell, 4th Duke of Bedford, a close friend to colonial Governor John Wentworth. While it remained a quiet rural town for most of the next two centuries, Bedford enjoyed a population boom after World War II, when the expansion of highways and other transportation routes brought a massive influx of new residents throughout southern New Hampshire.

Conveniently located near Boston, the seacoast, the White Mountains and the Lakes Region, the town offers excellent schools, a thriving local business climate, and bountiful opportunities for recreation, sightseeing and leisure. Business activity in the community is focused along Route 3, otherwise known as "the performance zone." Premium office parks and shopping centers such as the local mall, Macy's department store, the Wayfarer Inn and the Manchester Country Club line this road, which runs south from Manchester into Merrimack and Nashua. The town's other commercial clusters are along Route 101, which extends westward.

With recent expansions to its first-rate school system now taking effect, the community has turned its focus toward town recreational facilities, including a 70-acre park with several ball fields, ski trails, fishing and ice skating. The scenic town center offers an array of lovingly preserved historic buildings, including Schoolhouse #7, the Presbyterian Church, and the town hall. The Kendall Shop Museum and Carriage House offers a variety of exhibits highlighting the community's illustrious past. Other attractions nearby include Manchester's Palace Theatre, the Verizon Wireless Arena, the Currier Museum of Art, Pat's Peak Ski Area, the Manchester Historic Association Millyard Museum, Christa McAuliffe Planetarium and the SEE Science Center.

 

 

 

Visit Amherst NH real estate, Manchester NH real estate, Goffstown NH real estate, Merrimack NH real estate and New Hampshire real estate for relocation, school, community, home buying and selling information.  Bedford New Hampshire real estate reports are included in the Hillsborough County real estate reports.

Bedford, NH Community Calender is now out zip 03110

12-29-08
Ron Fredette
Ron Fredette: Real Estate Agent in Manchester, NH

Check out the new Bedford Community Calender. The town's first and free community calender has been direct mailed to every 8,200 residents in zip code 03110. This calender called the Town Planner features community events, clip & save coupons, a dining guide, and a free personal messenger. This is all sponsored by local businesses and organizations that service the local community in a special way. Not only can you get a free calender, but also you can access the info online at:

http://www.townplanner.com/cgi-bin/communities/selectevents/1294

If you missed it and would like a free copy mailed to you, just email me ronald@kw.com and I'll be sure to get one out to you right away!

Your Town Planner Publisher