I as well as many others have been waiting - impatiently - to see if the home buyer tax credit would be extended. With great pleasure I am happy to announce:
The home buyer tax credit extension is now a done deal! This isn't just an extension of the first time buyer tax credit, it is also a tax credit for qualified current home owners!
This new bill extends unemployment benefits for over a million Americans ( which is at a 29 year high) and extends the first time buyer tax credit of up to $8,000 on transactions through April 30, 2010. Find your home and place an offer by April 30, close the transaction by June 30th and you get up to $8,000 in tax credit! The income restrictions have been loosened too!
For current homeowners there is a $6,500 tax credit for qualified parties! You must have owned your home for 5 years or lived in the home you owned for 5 of the last 7 years and you may be eligible for the $6,500 tax credit! There are income restrictions.
Some of the details:
Amounts:
- The first-buyer credit remains 10 percent of the cost of the home or $8000, whichever is less.
- The credit for existing homeowners is 10 percent of the value of the new home or $6500, whichever is less. (Limit of $800,000 purchase price)
Definitions:
- A first-time homebuyer cannot have owned a home during the past three years.
- Existing homeowners must have owned and lived in their current home five out of the preceding eight years.
- Only principal residences qualify. No second homes or investment properties.
Income limits:
- The measure raises the income limits for those claiming the credit to $125,000 a year for individuals and $225,000 for couples, up from $75,000 and $150,000 in the previous first-time buyer credit. After that, the value of the credit phases out.
- The cost of the new home cannot exceed $800,000.
Cost:
- Expanding the home buyers' credit will cost about $11 billion. The total cost of extending the first-time buyer credit and adding the existing owners' credit is $16.7 billion.
For help with selling a home.
Call me for help before Foreclosure.
For help with buying a home.
Your neighborhood expert is here to help.
You can find great local Milwaukee Wisconsin area real estateinformation on Localism.com April Hayden-Munson Realtor, Southeastern Wisconsin is a proud member of the ActiveRain Real Estate Network, a free online community to help real estate professionals grow their business. Serving Milwaukee, Waukesha, Washington counties and the surrounding area.
I really didn't want to see this lesson again. You know, you keep getting the same lessons in life over and over again until you learn it.
I really do know this one! Live life to it's fullest.
Help other people (and life on this planet -- I must include pets in this one).
No good deed goes unpunished - or what comes around goes around.
I sincerely try to "make" someones day each and every day.
I live life as though there is no retirement. I live for today.
I had to say goodbye to a friend. It was a shock. There was no warning, as there many times aren't.
I spent Monday with good friends and neighbors at a pool party. It was a "close" down the pool party. It's starting to get cold here in Wisconsin, our lows last week were in the 40's at night. So, it's time to close up the pool, we won't be seeing many warm days to enjoy it anymore. I know for some out there 40's at night is warm and for many it's cold. For me, it's getting a bit nippy at night.
On Monday, our neighbors John and Julie hosted a party.... bring a dish to pass and enjoy brats while lounging around the pool. It is a great way to spend Labor Day. I look forward to a few get togethers a year where everyone comes together to laugh, have fun and get caught up with each other's busy lives. The party was fun and all enjoyed a great time. It was difficult to say bye to all, but most everyone needed to get up for work on Tuesday am.
The next day..... On Tuesday morning I was walking my Golden, Simba and waved hi to a friend driving by. Little did I know it would be the last time I saw him. He was coming home from work not feeling well. 1/2 hour later my husband passed his house and saw the paramedics taking him out....I was to hear 1/2 hour later that he didn't make it. Jim Stark was only 58 and went on to his new life in Heaven.
Jim was the kind of guy who helped many, he was a religious teacher and all around wonderful Dad and husband. Jim would ride his bike around the neighborhood saying hello to everyone. He always had a smile. I remember him fondly Sunday, enjoying his day with many others.
We will miss you greatly Jim. I hope you're playing your guitar and visiting with Bob Dylan!
Remember - our time is but a blur here on earth, our true life begins at the end beginning when we go to Heaven.
For help with selling a home.
Call me for help before Foreclosure.
For help with buying a home.
Your neighborhood expert is here to help.
You can find great local Milwaukee Wisconsin area real estateinformation on Localism.com April Hayden-Munson Realtor, Southeastern Wisconsin is a proud member of the ActiveRain Real Estate Network, a free online community to help real estate professionals grow their business. Serving Milwaukee, Waukesha, Washington counties and the surrounding area.
Another great day to enjoy at the Wisconsin State Fair in West Allis Wisconsin. There are specials every day at the Wisconsin State Fair. On Tuesday the Wisconsin State Fair Specials are for grazin' on the different tidbits of food as you enjoy the Fair.
To see the menu just click here .
For help with selling a home.
Call me for help before Foreclosure.
For help with buying a home.
Your neighborhood expert is here to help.
You can find great local Milwaukee Wisconsin area real estateinformation on Localism.com April Hayden-Munson Realtor, Southeastern Wisconsin is a proud member of the ActiveRain Real Estate Network, a free online community to help real estate professionals grow their business. Serving Milwaukee, Waukesha, Washington counties and the surrounding area.
The Machine Shed Restaurant is a great place to eat and be entertained. Located in Pewaukee Wisconsin, for a short time you can even catch their best sellers at the Wisconsin State Fair this week in West Allis.
The Wisconsin State Fair is running August 6 - 16! Come on out to visit the Machine Shed Restaurant's tent and try out the Bacon on a stick.
Here I am trying out the Chocolate Covered Bacon on a stick at the Machine Shed's tent. It is delightful. A little salty, a lot of great chocolate. I like this better than a chocolate covered pretzel.
For help with selling a home.
Call me for help before Foreclosure.
For help with buying a home.
Your neighborhood expert is here to help.
You can find great local Milwaukee Wisconsin area real estateinformation on Localism.com April Hayden-Munson Realtor, Southeastern Wisconsin is a proud member of the ActiveRain Real Estate Network, a free online community to help real estate professionals grow their business. Serving Milwaukee, Waukesha, Washington counties and the surrounding area.
This is a train display that is set up yearly at the Mitchell Park Domes in Milwaukee Wisconsin
For help with selling a home.
Call me for help before Foreclosure.
For help with buying a home.
Your neighborhood expert is here to help.
You can find great local Milwaukee Wisconsin area real estateinformation on Localism.com April Hayden-Munson Realtor, Southeastern Wisconsin is a proud member of the ActiveRain Real Estate Network, a free online community to help real estate professionals grow their business. Serving Milwaukee, Waukesha, Washington counties and the surrounding area.
 |
|
|
With nearly $300 Million in personal sales April has been an outstanding leader in real estate for 20+ years. Contact April to help you buy or sell in the Milwaukee area, she gets the job done!
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved
