Litchfield Park, AZ

HOME BUYER TAX CREDIT EXTENDED TO FIRST TIME HOME BUYERS AND EXISTING HOME OWNERS LITCHFIELD PARK, ARIZONA

President Obama signed into law the extension for first time home buyer and existing home owner tax credit. The National Association of Realtors and other leading organizations lobbied for this law to jump start the real estate industry after a heavy hit for the past two years. The real estate industry got us into this slump and it has to get us out of this rut. I know many people will be in position to purchase homes at the start of the year here in Litchfield Park, Arizona. We are coming up to the busiest season in real estate and I am ready for it.

A person is considered a first time home buyer when he/she has not owned a primary home in the past three years. They are eligible to receive up to an $8,000 home buyer tax credit or 10% of the value of the home which ever is less. The home must be a principal residence. The credit is refundable even if one does not owe taxes. Many people have taken full advantage of this tax credit since it has been in place.

Existing home owners who have lived in their primary house for five years or more will be eligible for a $6,500 home buyer tax credit. There are income limits to include $125,000 for single filers and $225,000 for joint filers. These are exactly the same for first time home buyers in the above paragraph. The credit will be gradually phased out for single people who make over $145,00 and married couples that make over $245,000.

This bill has been extended with the following important dates:

1. All contracts must be dated by April 30th, 2010
2. All deals must close on or before June 30th, 2010 to receive the tax credit

It is very easy to obtain your tax credit. First, you can amend your 2009 tax file or you can file it in 2010 tax return. Yes, you will need to send proof that you purchased the house. I would suggest sending in a copy of ones mortgage statement and HUD1 statement for proper documentation.

The Treasury Department has detected a lot of fraud regarding people falsifying documents to receive the tax credit. Personally, it is not worth the amount of money to create a fraud when it comes to the tax credit. I would recommend to take the high road because they will always catch you in the end.

The Real Estate and Beyond Team is ready to assist home buyers to get into their house to receive the tax credits.

SEARCH FOR HOMES IN LITCHFIELD PARK, ARIZONA AND SURROUNDING AREAS

OBTAIN A HOME MORTAGE RIGHT NOW

Are you looking for a beautiful home in a great family community? Then look no further than Dreaming Summit. Dreaming Summit in Litchfield Park, Arizona gives you everything you need in one place. Close to plenty of activities for the entire family, mountain views, and great weather to enjoy it all, it's no surprise these homes are highly sought after.

Regardless of your needs in a home, Dreaming Summit is the place for you. Single story, two story, three bedroom, and four bedroom homes are all represented in this beautiful community. Some of these homes are situated close to golf courses, or have private pools giving you the feel of an oasis in the desert.

Contact the Solutions Real Estate Team here and we will be glad to help you find your new home in this or any community in the Phoenix area.

Below you can find the Litchfield Park Arizona Residential Real Estate Market activities for August 2009 according to ARMLS data. The trend continues of less new listings and more pending and sold. This contributes to total inventory reduction and more balanced real estate market. Definitely the economic law of Supply and Demand is the contributing factor to the condition of the real estate market. Currently are less supply and more demand at today's bargain prices. Demand is coming mainly from the first time home buyers and the investors. Many Southwest Valley Communities are experiencing a shortage of inventory available for purchase in the lower price ranges, which creates the multiple-offers situations on the available properties. When it happens, the prices are pushed up. The prices for homes depreciated a lot over the last few years that even with a slight increase in price it is still a great deal to buy now.

If you would like more information about Litchfield Park and surrounding communities Real Estate, please visit www.AZHomesbyKapusta.com. For other complimentary statistics for Litchfield Park and surrounding communities click General Request Form link at the bottom of the above website, specify your desired data and submit your request. Thank You.

CREDIT SCARY, CALL HARRY RENT TO OWN LITCHFIELD PARK, ARIZONA

I created this slogan "CREDIT SCARY, CALL HARRY RENT TO OWN" since I started the real estate business seven years ago. I read all the real estate books and loved this real estate technique. I lost my job in 2002 after 9/11 incident. So, I went directly into the real estate business. I obtained a mentor for the first eighteen months of my real estate career. I mastered the lease option program. Now, I developed my own lease option program for people that need a second chance in life.

The option to lease or rent to own was created for people who's current situation does not allow them to fully qualify for a mortgage. Rent to own homes have successfully increased home owner ship in America, and it builds better credit. Renting before buying is also a great way to get used to the responsibility of owning a home Getting qualified for a rent to own is not difficult and rental properties can be found in all areas of Litchfield Park, AZ.

Here are some of the major advantages of a lease option:

• You don't need a down payment more than 5% of the purchase price.
• No qualifying through a bank.
• Learned responsibility of owning a home.
• Bad credit is ok

There are 8 more advantages to read with just a click.

Frequently Asked Questions Rent To Own Litchfield Park, Arizona.

I personally believe that more people will seek this option as millions of people were foreclosed on their home. Americans deserve a second chance. That is what I provide many people who visit my rent to own web site www.JustRentToOwn.com.

I AM HERE TO SERVE!

Below you can find the Litchfield Park Arizona Residential Real Estate Market activities for July 2009 according to ARMLS data. The trend continues of less new listings and more pending and sold. This contributes to total inventory reduction and more balanced real estate market. Definitely the economic law of Supply and Demand is the contributing factor to the condition of the real estate market. Currently is less supply and more demand at today's bargain prices. Demand is coming mainly from the first time home buyers and the investors. Many Southwest Valley Communities are experiencing a shortage of inventory available for purchase in the lower price ranges, which creates the multiple-offers situations on the available properties. When it happens, the prices are pushed up. The prices for homes depraciated a lot over the last few years that even with a slight increase in price it is still a great deal to buy now.

If you would like more information about Litchfield Park and surrounding communities Real Estate, please visit www.AZHomesbyKapusta.com. For other complimentary statistics for Litchfield Park and surrounding communities click General Request Form link at the bottom of the above website, specify your desired data and submit your request. Thank You.