Olympia, WA

Olympia Home Buyers, Sellers Benefit from New Tax Credit

11-27-09

Cyndi Nelson: Real Estate Agent in Olympia, WA

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Office: (360) 956-9555

Mobile: (360) 701-4223
Secondary: (877) 288-2932

house, buyers It was good to see nearly 5,000 Realtors in Washington rally together to help convince Congress how crucial the Home Buyer Tax Credit is for an economic recovery in our country. This will have a great impact here in Olympia where home values have dropped over 13% in the last year.

Largely as a result of lobbying by the National Association of Realtors® (NAR) and other groups, two groups of home buyers will benefit. New home buyers will be eligible for the $8000 tax credit which has been extended through April 30, 2010. Buyers will have to the end of April to sign a purchase agreement, along with a sixty day grace period to complete financing.

Current home owners will also benefit from this wonderful tax break. Over 60% of current home owners will be eligible for a $6500 credit if they also purchase a home by April 30, 2010. To receive this credit you must have lived in your current (or prior) home five consecutive years out of the past eight years; purchase a home up to $800,000; and consider the home your primary residence.

Both new buyers and current home owners should also note the income requirements have increased from $75,000 to $125,000 for singles, and from $150,000 to $225,000 for married couples. This will increase the number of eligible buyers, help spur economic activity, and even create jobs.

This is not only great for buyers but sellers will benefit also. The extension and increase income requirements will allow more people to look at homes currently on the market. Sellers who feared lack of buyer demand can anticipate that buyer interest will increase, especially if they have a home considered within the price range of the average buyer. Sellers who plan on buying a replacement home might be able to take advantage of the credit themselves.

Check out this great link to FAQ on the new tax break from the NAR. Whether you are looking to buy or sell, let me help you put the tax credit to good use! Visit my Exit Reatly Boardwalk site for a look at the best properties in Olympia, Lacey, Shelton, Tumwater, Dupont, Yelm, Rainer, Rochester, or Tenino.

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Imagine a Dazzling Forest of Christmas Trees!!

11-20-09

Nancy Conner, ABR - Olympia/Thurston County WA

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Office: (360) 350-0251

Mobile: (360) 701-1086

Don't miss Olympia's annual Christmas Forest with over 50 trees sponsored by local businesses and displaying elegance, clever & unique ideas, sheer beauty - a feast for the senses! This is a community charity event presented by Providence St. Peter Foundation and it runs, this year, from November 26th - December 2nd. at the Red Lion Hotel, 2300 Evergreen Park Drive, Olympia.

It includes musical and dance performances, a kids day with special craft activities, a Santa Breakfast and other special happenings - check www.providence.org/giving for more info. You will marvel at the creativity that goes into these special Christmas trees!

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Wordless Wednesday - Capitol Lake Park in Olympia

11-18-09

Nancy Conner, ABR - Olympia/Thurston County WA

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Office: (360) 350-0251

Mobile: (360) 701-1086

Capitol Lake park in Olympia

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plan your purchase strategy now

11-12-09

Bernie Moats

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Office: (360) 701-3131

Mobile: (360) 701-3131
Secondary: (360) 791-2677

2010 will be a good time to buy real estate if you have been waiting for prices to hit bottom. I think we are almost there. Investment property, rental homes and condos will be ripe for the picking. Start shopping early in January and you will not be disappointed.

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Financing Options for First Time Homebuyers - Great Video!

11-06-09

Mike Conner, City Realty Inc. Olympia, WA

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Office: (360) 350-0251

Mobile: (360) 970-4408

If you are thinking of entering the market for your first home and need some additional information about financing options (including down payment assistance and closing cost assistance!) then you'll enjoy this brief video from www.wahomeowners.com . It exposes some little known programs available to new homebuyers.

If you'd like to talk about the homebuying process, real estate market trends, budgeting, or the many benefits of home ownership please give me a call or email. I'd love to hear from you!

Enjoy!