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Baton Rouge, LA

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Existing Homeowners Also Get Tax Credit Break

Ann Dail, Broker, ePRO, SRS, B.A.Chem, : Real Estate Agent in Baton Rouge, LA

Along with an extension of the existing 1st time homebuyers tax credit with a few minor changes, Obama is expected to sign into effect today, Friday Nov.6th a tax credit for existing homeowners. This credit will be $6500,, purchase contract to be dated before April 30, 2010 and after date President signs bill, must have used the home sold or being sold as a principal residence consecutively for 5 of the previous 8 years, actual closing to occur before July 1, 2010. Complete summary of 2 bills by Nar Tax Credit for Existing Homeownwer

For a summary of the Basics of the Extended Home Buyer Tax Credit, visit this article The Basics: Extended Home buyer TAx Credit 2009/2010

U.S. House passes Bill with Homebuyer tax credit Extended and expanded

Ann Dail, Broker, ePRO, SRS, B.A.Chem, : Real Estate Agent in Baton Rouge, LA

This afternoon the bill extending the first time homebuyer credit passes the House with a 403-12 v0te. The President is expected to quickly sign it into effect.

The $24 billion package also contains extension of the unemployment benefits. The IRS says some 1.4 million people applied for the homebuyers credit through August, according the the Business Report. The legislation would extend the program through June of next year, as long as the buyer signs a contract by the end of Apr.il. It also offers a $6,500 tax credit to those who have lived in their current residence at least 5 years.Howmbuyer Tax Credit Extended and Expanded

The Power of Azaleas

Sallie Williams, MBA, Baton Rouge REALTOR: Real Estate Agent in Baton Rouge, LA

My favorite time of year ... when all these azaleas are in full bloom! My backyard neighbor installed a border between our yards with lagustrum and bradford pear trees down the middle, indian hawthorne bushes on his side, and these gorgeous azaleas on our side. Thank you, Mr. Frank. We return the favor by taking care of the azaleas, especially watering when they start to droop in the hot summer months. I get worried as soon as I see a little droop ... these plants are just too beautiful to think of losing them. Hope you all enjoy the slide show.

Southdowns Subdivision Highlights, Baton Rouge, LA

Sallie Williams, MBA, Baton Rouge REALTOR: Real Estate Agent in Baton Rouge, LA

In the early 1920's a 640-acre tract of plantation land was purchased by Alfred St. Amant for the purpose of developing a new neighborhood. At that time, surrounded by farmland and swamps, the new neighborhood was outside of city limits, and water had to be piped from a nearby artesian well. An interesting article about the history and ambience of Southdowns, "The Center of the Universe," was written by Ed Cullen. (The Advocate, March 22, 2009)

Situated within walking and biking distance to the Louisiana State University, this subdivision has the significant advantage of being close to shopping areas and Baton Rouge Beach, as well as City Park Lake and University Lake. Naturally, it is a preferred housing location for many LSU faculty and employees as well as students. According to data provided by OnBoard, LLC, almost 70 percent of residents have an undergraduate or graduate college degree. The average household income is $86,426.

The Southside Civic Association (SSCA) represents 12 subdivisions, including Southdowns. It exists to "preserve and promote the character and quality of life of the Southside area--one of the most beautiful and desirable areas in our city."

The Krewe of Southdowns runs its famous Mardi Gras parade through the neighborhood on the Friday night before the Baton Rouge Spanish Town parade. Some call it a "warm-up" for the big parade the next day. What a great place to live to have a front-seat view of Mardi Gras!

Full-service restaurants nearby include the Acme Oyster House and Parrain's, both serving Louisiana seafood specialty dishes.

There are only six homes for sale in Southdowns, ranging in price from $153,000 (1,295 sq ft) to $1,595,000 (5,368 sq ft). If you or anyone you know is interested in buying a home in Southdowns or any other subdivision in the area, please call me. I would love to assist you in your home-buying plans.

Call Sallie at (225) 266-3562