This is what we all have been waiting for.
Its even gets better, all those current home owners that wanted a Tax Credit. ITS HERE!!!
Who Qualifies for the Extended Credit?
To qualify as a "first-time home buyer" the purchaser or his/her spouse may not have owned a residence during the three years prior to the purchase.
If you or your client purchased a home between January 1, 2009 and November 6, 2009, please see: 2009 First-Time Home Buyer Tax Credit.
Which Properties Are Eligible?
The Extended Home Buyer Tax Credit may be applied to primary residences, including: single-family homes, condos, townhomes, and co-ops.
How Much Is Available?
The maximum allowable credit for first-time home buyers is $8,000.
The maximum allowable credit for current homeowners is $6,500.
How is a Buyer's Credit Amount Determined?
Each home buyer's tax credit is determined by tow additional factors:
Price
Under the Extended Home Buyer Tax Credit, credit may only be awarded on homes purchased for $800,000 or less.
Buyer Income
Under the Extended Home Buyer Tax Credit, which is effective on November 7, 2009, single buyers with incomes up to $125,000 and married couples with incomes up to $225,000-may receive the maximum tax credit.
These income limits have changed from the 2009 First-Time Home Buyer Tax Credit limits. If you or your client purchased a home between January 1, 2009 and November 6, 2009, please see 2009 First-Time Home Buyer Tax Credit.
If the Buyer(s)' Income Exceeds These Limits, Can He/She Still Get a Credit?
Yes, some buyers may still be eligible for the credit.
The credit decreases for buyers who earn between $125,000 and $145,000 for single buyers and between $225,000 and $245,000 for home buyers filing jointly. The amount of the tax credit decreases as his/her income approaches the maximum limit. Home buyers earning more than the maximum qualifying income-over $145,000 for singles and over $245,000 for couples are not eligible for the credit.
Can a Buyer Still Qualify If He/She Closes After April 30, 2010?
Under the Extended Home Buyer Tax Credit, as long as a written binding contract to purchase is in effect on April 30, 2010, the purchaser will have until July 1, 2010 to close.
Will the Tax Credit Need to Be Repaid?
No. The buyer does not need to repay the tax credit, if he/she occupies the home for three years or more. However, if the property is sold during this three-year period, the full amount credit will be recouped on the sale.
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The market activety had surelt improved from a year ago. We a definatly seeing more activety.
These are the latest stats for the month of August.
August MLS Stats:
8-1-09 - 8-31-09
120 sold listings; 38 of them Short Sale, Foreclosure, Bank or Corporate Owned
Average DOM 166
Median List: $99,900
Median Sold: $92,750


"Florida's Lake Country" offers 27 clear, freshwater lakes with some of the best fishing anywhere. This southern portion of Central Florida, also known as "The Ridge," is one of the most scenic areas of the Sunshine State. Our hospitality and the beauty of our lakes and rolling hills makes Lake Placid a perfect vacation destination.
Any season of the year is a good time to visit Lake Placid. Our moderate temperatures and sunny days assure plenty to do year-round. With our pristine freshwater lakes, it's no wonder that many recreational pursuits around Lake Placid are water related. Watersports, swimming, boating, sailing and fishing are popular activities with visitors and residents. Our blue skies, stately cypress, and beautiful lake views are perfect for picnics and hiking.
Large mouth bass are plentiful in the lakes, with six to eight pounders caught regularly. Bluegills, shell crackers and crappies are plentiful as well and provide excellent eating.
The Mural Society contributes to the beauty of our town and helps preserve our colorful history. 42 murals grace the sides of buildings around town and even the trash containers have color and style.
Color brochures containing mural history and location maps are available from local retailers or at the Society's offices located in the Lake Placid Chamber of Commerce Visitor's Center.
19th AnnuLake Placid Chamber of Commerce Visitor's Center. - August 28, 29 & 30
13th Annual Antique & Classic Car Show - August 29, 2009
Anita S Zahn, P.A. Realtor
ERA ADVANTAGE REALTY
743 US 27 South
Sebring, Fl 33870
(863) 840-1420 Direct
(866) 863-6999 Fax
Realty411@comcast.net (email)
www.AnitaZahn.com (web site)
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What is the right choose for you? Whether choosing a Certified Sort-Sale Professional or an experienced Realtor with some short sale experience. Make sure this is the right person to help you. Today you don't have to give up and walk away to go into foreclosure. There is an alliterative. Short Sale. Save yourself from Foreclosure with a Short-Sale. Use an agent that knows how to have the Lender release and Satisfaction of the Mortgage. |
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The world of real estate is ever changing and never seems to remain constant for more than a brief period. Just a few years ago few agents or homeowners even knew what a short-sale was. Today the real estate landscape has changed dramatically and the time has come to bring in the certified professional. |
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