Senate Panel Okay's an extension of the $8,000 tax credit for first time home buyers
Current version adds a credit for non-first-time buyers
and raises income limits.
Senators reached a compromise to extend the $8,000 tax credit for first-time home buyers, a boost the housing industry expects will help it pull out of its two-year-old downturn.
Under the Senate compromise, buyers must have sales agreements in hand by April 30, but they will have until June 30 to go to settlement, the sources said. The measure still faces votes in the full Senate and the House.
Washington believed that the original first time buyer tax credit would stimulate activity not just among entry level homes but also mid-range homes as the sellers of these homes would move up. What they failed to recognize is that the majority of the homes the first time home buyers are purchasing are either bank owned or short sales. Neither a bank nor a short sale seller with damaged credit is going buy a move up home.
Now Washington thinks by adding a $6,500 tax credit for other primary-home purchasers they can get they can stimulate the mid-range market. People who are planning on buying anyway will likely time their closing to qualify for and will gladly take the tax credit but I don't believe that $6,500 from Uncle Sam is going to influence someone's decision to purchase say a $500,000 home.
If you would like more information about this development feel free to call me anytime (386) 986-7091
Kendall Caputo
Flagler Beach FL Real Estate is some of the most sought after property in Florida. Situated on a barrier island between the Atlantic Ocean and the Intracoastal water way.
RATED 
(5 stars) bySKACOON on May-06-2008
Top of the Line - Highly Recommended We recently met up with Kendall and found him to be a GREAT person all the way around! Very patient! He went above and beyond his duties of a realtor! I would highly recommend him to anyone~ He's very knowledgable in his line of work, he's not all about the sale, he listened to our desires, needs and wants, then found us the perfect house~ and he'll do it for YOU! He's the total package and words cannot express what he's done for our family, we not only found a realtor but a friend! Thanks for being the blessing in our lives Kendall!!
About Kendall Caputo
For twenty years Kendall was an active successful real estate investor buying, selling and managing real estate for his own privately held company in the state of Maine. He has significant experience with both residential and commercial property as well as 1031 tax free exchanges.
Kendall and his wife Rose enjoyed a midlife sabbatical during which we lived aboard their boat. Boat travels took them all over the eastern seaboard from the Florida Keys to the Canadian Maritimes. They spent years exploring the Great Lakes as well as the interior canal systems of both the United States and Canada before stopping at the Palm Coast Marina in 2002.
Instantly they fell in love with Flagler county and never left. Kendall joined Palm West GMAC so that he can now put his real estate experience to work for others. In addition to his credentials in real estate, he also hold a US Coast Guard Master Captain's License earned his Naturalist Certification in Coastal Systems from the University of Florida and has been awarded the Florida Commendation Medal by Governor Jeb Bush for his meritorious services to Soldiers and Airmen of the Florida National Guard.
My Client-First Philosophy
There are many qualities and skills that go into being an excellent real estate professional - integrity, in-depth community and market knowledge, marketing savvy, effective negotiation skills and a high-quality professional network, all of which are hallmarks of how I work.
That said, in my experience as a Palm Coast real estate professional, I've also found that providing the very best service is essentially about putting my clients first. This means keeping myself accessible, being a good listener as well as a good communicator, and responding quickly to your needs.
This "client first" philosophy has always been my approach and it requires me to continually improve my skills and ways of doing business. In addition, I've found that the latest technologies are enabling me to do everything I've always done, only much more quickly and efficiently. They've also helped me to extend the range of services I provide to my clients.
So when you decide that you'd like to buy or sell a home in the Palm Coast, Flagler Beach, St. Augustine areas, please contact me.
Use this section to write about your specific areas of expertise. Do you specialize in first time buyers - listing high end homes - etc. Are there specific market area's that you specialize in? The more you write about your area's of expertise the more knowledgeable you'll sound to a potential buyer or seller.
RATED
(5 stars) bySKACOON on May-06-2008
Top of the Line - Highly Recommended We recently met up with Kendall and found him to be a GREAT person all the way around! Very patient! He went above and beyond his duties of a realtor! I would highly recommend him to anyone~ He's very knowledgable in his line of work, he's not all about the sale, he listened to our desires, needs and wants, then found us the perfect house~ and he'll do it for YOU! He's the total package and words cannot express what he's done for our family, we not only found a realtor but a friend! Thanks for being the blessing in our lives Kendall!!
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