Newark, DE

Sales went up slightly in October over last year with the prospect of the Federal First Time Home Buyers Credit ending but it has been extended and improved until June 2010 allowing qualified sellers to get up to $6,500 in the form of a tax credit.

Here's what we are looking at for the Newark Delaware area

Active single family homes 3 bedroom min....... 503

Active Town homes, condos and 1 & 2 beds....... 309

Pending homes (waiting for settlement) .......... 220

Sold homes last 30 days ................................. 103

As you can see there is plenty of inventory but the pending sales are way up over last month!

Rates are still at historic lows and qualified buyers can still purchase for $1,000 or less down with average credit.

If you have questions about the market or would like to know how I can get your home sold in 90 days or less give me a call 302-530-9186

Larry Hultberg - Delaware Realtor

Today I went to the gym for the first time in a few weeks and ran into one of the owners Jeff and as we were talking I realized that I have not be coming around as much as I should. I used to be a serious gym rat but with real estate picking up and showing lots of homes really keeps you busy!

When I leave the fitness center I always feel great! There is nothing like getting on the stepper/treadmill for 30 minutes and lifting some weights. I am energized every time!

But enough about me, let me tell you about my gym! Jeff and Troy are the owners and they stocked their club with the newest equipment, Nautilus and free weights, 2 private baths with showers, tanning beds and the place is CLEAN! Former U of D Football star Lou Samba is the trainer! See photos of the club here:

http://www.anytimefitness.com/en-us/clubs/inside/676 They have free 7 day passes so you can try before you sign up (the membership is very low). Tell them Larry sent you and I'll see you around the gym!

Larry Hultberg Newark Delaware Real Estate 302-530-9186

Delaware Schools started giving out the H1N1 Vaccine this week at many Delaware schools.

The Elementary School students will be getting the nasal spray while the older students will get the shots in the coming weeks. Those who wish for their children to receive the shots must sign a consent form prior to the vaccine being given.

It would be a great idea to check with your childs school to see when the vaccine will be available.

Larry Hultberg Delaware Realtor 302-530-9186

NEW Homebuyer Tax Credit! Here is the skinny:

•1. Tax Credit Extended to April 30, 2010.

•2. Sales contract must be binding by April 30^th and settlement must occur prior to July 1, 2010.

•3. Income limit qualification has increased to $125,000 for single and $225,000 for married persons.

But wait... There's more:

•4. A new Tax Credit of $6,500 was added for homeowners who do not qualify as first timers!

•5. Must have used the home sold or being sold as a principal residence consecutively for 5 of the previous 8 years.

Are you working with a borrower who is currently serving in the Armed forces? If the military personnel is/was stationed outside the United States for 90 days or more, they receive a separate extension.

•6. Service period must have occurred between January 1, 2009 and May 1^st 2010.

•7. The time line is extended ONE YEAR -

•a. May 1^st, 2011 for a binding contract.

•b. July 1, 2011 settlement date.

Larry Hultberg - Delaware Realtor 302-530-9186

Chrysler is seeking the approval of the Federal bankruptcy court to sell the now closed auto plant in Newark Delaware.

According to (Reuters) the University of Delaware plans to purchase the 270 Acre plant for $24.25 million.

So what will the University of Delaware do with a extra 270 acres? The last news report I read said they were planning on using some of the land for medical research but the rumor around town is a new football stadium may be in the works also.

Larry Hultberg - Delaware Realtor 302-530-9186